1. You have been provided with the following data regarding shipments and costs for Brighton Boutiques:Number of Shipments Received Cost per Receiving Report$202185120105708087115100$300$200$100$-014215420162Required: Plot the data points on a scatter graph, and then using the high-low method, determine the cost function of theline that will connect the high and low points on the graph. Does the cost function appear to be linear in nature?200175Graph Template408060Number of Shipments100120140

1. You have been provided with the following data regarding shipments and costs for Brighton Boutiques: Number of Shipments Received Cost per Receiving Report 120 $202 105 185 70 80 87 115 142 154 162 200

1. You have been provided with the following data regarding shipments and costs for Brighton Boutiques: Number of Shipments Received Cost per Receiving Report 120 $202 105 185 70 80 87 115 142 154 162 200

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

1. You have been provided with the following data regarding shipments and costs for Brighton Boutiques:
Number of Shipments Received Cost per Receiving Report
$202
185
120
105
70
80
87
115
100
$300
$200
$100
$-
0
142
154
20
162
Required: Plot the data points on a scatter graph, and then using the high-low method, determine the cost function of the
line that will connect the high and low points on the graph. Does the cost function appear to be linear in nature?
200
175
Graph Template
40
80
60
Number of Shipments
100
120
140

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Step 1: High-low method:

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Step 2: Plot the given data on the graph:

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Step 3: Determine the cost function using High-Low Method:

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Step 4: Appearance of Graph:

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