A company reports the following information about its sales and its cost of sales. Each unit of
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A company reports the following information about its sales and its cost of sales. Each unit of its product sells for $1,000. Use these data to prepare a scatter diagram. Draw an estimated line of cost behavior and determine whether the cost appears to be variable, fixed, ormixed.
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Period Sales Cost of Sales $45000 $30.300 22.500 21,000 16.500 8,000 28,500 34,500 31,500 22.500 27,000 37,500
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