Question

Time Period from the One Used to Develop a Cost Formula Refer the information for Farnsworth Company above.

Required:
1. Prepare a scattergraph based on the 10 months of data. Does the relationship appear to be linear?
2. Using the high-low method, prepare a cost formula for the receiving activity. Using this formula, what is the predicted cost of receiving for a month in which 1,450 receiving orders are processed?
3. Prepare a cost formula for the receiving activity for a quarter. Based on this formula, what is the predicted cost of receiving for a quarter in which 4,650 receiving orders are anticipated?
Prepare a cost formula for the receiving activity for a year. Based on this formula, what is the predicted cost of receiving for a year in which 18,000 receiving orders are anticipated?


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  • CreatedSeptember 22, 2015
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