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 $500. 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, or mixed.
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Period Cost of Sales Period Sales Cost of Sales Sales $22,500 15,750 $15,150 I1.250 0,500 8,250 9.000 14,250 1,250
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