Use the following information about sales and costs to prepare a scatter diagram. Draw a cost line
Question:
Use the following information about sales and costs to prepare a scatter diagram. Draw a cost line that reflects the behavior displayed by this cost. Determine whether the cost is variable, step-wise, fixed, mixed, orcurvilinear.
Transcribed Image Text:
Sales Costs Sales Costs 9 .$1,160 780 480 460 12.440 ,100 13 . 560 520 820 760 520 600 1.120 640 400 800 960 480 800 780 6 . 1,240 100 7 . ._ ..1.360 ,180 860 880 1,080
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (10 reviews)
The scatter diagram and its estimated l...View the full answer
Answered By
Ajay Negi
Hi, I've completed my degree in engineering (Information Technology) from an NIT. Currently working as a software engineer. Wish to impart quality education to the future generation.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
Use the following information about the cash flows of Kansas Company to prepare a complete statement of cash flows (direct method) for the year ended December 31, 2011. Use a note disclosure for any...
-
Use the following information about the cash flows of Ferron Company to prepare a complete statement of cash flows (direct method) for the year ended December 31, 2008. (Negative amount should be...
-
Use the following information about the calendar-year cash flows of MacArthur Company to prepare a statement of cash flows (direct method) and a schedule of noncash investing and financing...
-
Calculate the half life potential for Zn electrode is 0.01M Zn(NO 3 ) 2. Given that Zn 2+ + 2e= Zn E o = 0.763
-
Arthur Corporation has the following selected financial data: There were no preferred dividends in arrears. (a) Calculate the following ratios for 2014: (1) Rate of return on common shareholders'...
-
Below are selected accounts from OHara Oil Corp. at 31 December 20X1. The accounts have not a been closed for the year but transactions have been correctly recorded. Required: 1. Calculate...
-
Using the Tsai-Hill criterion and the appropriate micromechanics equations, set up the equation for predicting the averaged isotropic shear strength for a randomly oriented short-fiber composite....
-
Analysis and evaluation: Identify the control deficiencies in the payroll process for The Vane Corporation. Recommend the changes necessary to improve the control structure. Arrange your answer in...
-
Design a Moore FSM to detect if an input sequence is divisible by 5. Each cycle a new bit comes as input towards LSB (e.g. if the current sequence is '1011' and the input is '0', the new sequence is...
-
1. Prepare manual entries and complete the general and subsidiary ledgers. 2. Prepare an account receivable and account payable reconciliation of the subsidiary ledger accounts to the control...
-
Identify the financial statement(s) where each of the following items appears. Use I for income statement, E for statement of retained earnings, and B for balance sheet. a. Service fees earned b....
-
Identify the normal balance (debit or credit) for each of the following accounts. a. Office supplies b. Dividends c. Fees Earned d. Wages Expense e. Cash f. Prepaid Insurance g. Wages Payable h....
-
A client contacts a public accountant about representing it regarding a hearing for a tax dispute with the IRS. In discussion with the client, the accountant stresses her extensive experience with...
-
Provide a feasibility study based on a scenario in Health Care. You have been asked by the CEO of your organization to propose a project or program to address a specific need, and to develop a...
-
E3-20 (Algo) Analyzing, Recording, and Evaluating the Effects of Income Statement Transactions [LO 3-3, LO 3-4, LO 3-5] [The following information applies to the questions displayed below.] MyBnB...
-
Since General Mills and Proctor and Gamble are mature companies in stable markets, it is likely that they have approximately constant growth at about the rate of GDP growth.GDP is expected to grow at...
-
Write a query to display the employee number, last name, first name, and sum of invoice totals for all employees who completed an invoice. Sort the output by employee last name and then by first name...
-
Based on the information in Table 20.2 (below), would you expect Fixed-Income Arb hedge funds to have positive or negative performance in the following scenarios: a) stock markets rise b) interest...
-
The following trial balance is extracted from the books of M/s Ram on March 31, 2005. You are required to prepare trading and profit and loss account and the balance sheet as on date : Account title...
-
Determine the reactions in supports A and D and connections B and C. Sketch its shear and moment diagram and determine the magnitude ankoration of the maximum shear and moment for every member. 18 3...
-
Show that the potentials (z) = 0,(z) = A/z will solve the problem of a circular hole of radius a with uniform pressure loading p in an infinite elastic plane. Determine the constant A and the stress...
-
Rizio Co. purchases a machine for $12,500, terms 2/10, n/60, FOB shipping point. The seller prepaid the $360 freight charges, adding the amount to the invoice and bringing its total to $12,860. The...
-
Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated purchase price is $ 280,000 for the lot plus $ 110,000 for the...
-
Liltua Company pays $ 375,280 for real estate plus $ 20,100 in closing costs. The real estate consists of land appraised at $ 157,040; land improvements appraised at $ 58,890; and a building...
-
An airline will purchase 2 million gallons of jet fuel in one month and hedges using heating oil futures. From historical data, the standard deviation of heating oil futures contract is sF =0.031...
-
A European call option for a share costs $5.00. The exercise price of the call option is $100.00. An investor buys one call and holds it until maturity: a. Under what circumstances will the holder of...
-
You have been asked to estimate the cost of capital for the UTX corporation. The company has 7 million shares and 150,000 bonds outstanding at par value $10,000. In addition, it has $300 million in...
Study smarter with the SolutionInn App