Oki Products, Ltd. has observed the following processing costs at various levels of activity over the past

Question:

Oki Products, Ltd. has observed the following processing costs at various levels of activity over the past 10 months:

Required:

1. Prepare a scattergraph by plotting these data on a graph. Plot cost on the vertical axis and units produced on the horizontal axis. Fit a line to your plotted points by visual inspection.

2. What is the approximate monthly fixed cost? The approximate variable cost per unit processed? Show your computations.

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Related Book For answer-question

Introduction to Managerial Accounting

ISBN: 978-1259105708

5th Canadian edition

Authors: Peter C. Brewer, Ray H. Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan

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Question Posted: Oct 11, 2019 01:35 PM

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Oki Products, Ltd. has observed the following processing costs at various levels of activity over the past

Question:

Units Processing Produced Month Cost 2,500 1 $28,000 2 11,000 52,000 3 15,000 59,000 5,500 4 38,000 9,000 47,000 8,500 52,000 7,500 44,000 7,000 41,000 52,000 11,500 10 6,000 41,000

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1 2 Students answers will vary depending on their placement of the regression line The variable co...View the full answer

Introduction to Managerial Accounting

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