Question: Stratton, Inc., has collected the following information on its cost of electricity: Required a. Prepare a scatter-graph of Stratton's electricity costs for the year. Plot

Stratton, Inc., has collected the following information on its cost of electricity:

Required
a. Prepare a scatter-graph of Stratton's electricity costs for the year. Plot the total electricity cost on the y-axis. Draw a line that you think best represents the electricity cost function. Be sure that the line runs through at least one of the data points.
b. What is the equation of the line you drew in part (a)?
c. What is the expected electricity cost when 750 machine hours are used?
d. Why does your answer to part (c) differ from the actual cost for the month of October, when 750 machine hours were used?

Machine Electricity Costs January September November

Step by Step Solution

★★★★★

3.33 Rating (159 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a They may draw lines that differ from the one above That will af... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1220-B-M-A-C-V-P(2576).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

A reverse-osmosis plant is used to treat 30,000,000 gal/day of seawater at 20C containing 3.5 wt% dissolved solids to produce 10,000,000 gal/day of potable water with 500 ppm of dissolved solids, and...

Usonic, Inc., has collected the following information on its cost of electricity: Required a. Prepare a scattergraph of Usonic's electricity costs for the year. Plot the total electricity cost on the...

Refer to the data in Exercise 2-8. In Exercise 2-8. Stratton, Inc., has collected the following information on its cost of electricity: Required a. Using the high-low method, compute the variable...

Comprehensive Intangible Assets Montana Matt's Golf Inc. was formed on July 1, 2009, when Matt Magilke purchased the Old Master Golf Company. Old Master provides video golf instruction at kiosks in...

I only need 2.9 which I can't figure out, it goes with the graph from 2.8. Thank you! Required Explain to Joel why this unit cost is not useful in predicting total costs for the coming year. 2.7 (LO...

Stratton, Inc., has collected the following information on its cost of electricity: Machine Hours Total Electricity Costs January 510 $240 February 540 $300 March 360 $205 April 450 $215 May 660 $290...

Help with Part D with given information. Stratton, Inc., has collected the following information on its cost of electricity: Machine Hours Total Electricity Costs January 510 $ 240 February 540 $ 300...

Need help with part C with the given information. Stratton, Inc., has collected the following information on its cost of electricity: Machine Hours Total Electricity Costs January 510 $ 240 February...

What is the haploid stage in the life cycle of plants called and what does it produce? What is the diploid stage in the life cycle of plants called and what does it produce? In both fungi and plants,...

Under certain conditions, electrical stimulation of a beef carcass will improve the tenderness of the meat. In one study of this effect, beef carcasses were split in half; one side (half) was...

13. Use the first four rules of inference to derive the conclusions of the following symbolized arguments. (11) 1. G-0 (GD)] 2. OvG 3.-0 (12) 1. D Mv (BV-T) 2. B W 3. M 4.-W 1-T *(13) 1. R>(GV-A) 2....

By using the basic operational amplifier circuit blocks,can you draw the circuit to calculate the result of the below function where x1 and x2 are inputs and y is the output of the circuit.Can you...

Describe how catching exceptions can help with file errors. Write three Python examples that actually generate file errors on your computer and catch the errors with try: except: blocks. Include the...

1. Set up an expanded accounting equation spreadsheet using the following accounts: Assets Liabilities Owners Equity Cash Accounts payable Feldman, Capital Supplies Feldman, Withdrawal Computer Shop...

A lossless air-filled waveguide has dimensions 8 cm 5 cm. For the TM11 mode propagating at an operating frequency that is 1.5 times the cut-off frequency of the mode, calculate (a) critical wave...

Find out the 8-point inverse fast Fourier transform (IFFT) of given sequence: X(k) = {2 , 6j , 2 8j , 6j , 2 6j , 2 + 8j , 6j , 0}

c. Using all of the results combined with a 0.01 significance level, test the claim that a coin can be tossed so that heads turns up more often than can be expected by chance. Quarter: H H H H H H H...

On March 15, Jeff Blake, Kimland Media's sales director, stopped by Sami Landon's cubicle. "Sami, I've been reviewing your accounts, and they aren't generating as much revenue as we had hoped. If you...

Fashion Headwear, Ltd. operates a chain of exclusive ski hat boutiques in the western United States. The stores purchase several hat styles from a single distributor at $18 each. All other costs...

Scott Confectionery sells its Stack-o-Choc candy bar for $0.80. The variable cost per unit for the candy bar is $0.45; total fixed costs are $175,000. Required a. What is the contribution margin per...

Yani has $12,000 for investment purposes. His bank has offered the following three choices: Choice 1. A special savings certificate that will pay $175 each month for 5 years and a lump sum payment at...

The balance sheet for Pie Crust, Inc., is shown here in market value terms. There are 26,000 shares of stock outstanding. Market Value Balance Sheet Cash $156,000 Fixed assets 514,800 Equity $670,800...

An investment cost $12,000 with expected cash flows of $4,000 for 7 years. The required eturn is 15.23%. The IRR is A. 14%, accept B. 27.12%, accept for the project, thus we should __ the project. C....