Period Unit Sales Cost of Sales 1 $590 560 230 400 390 550 2 3 4 5 6 7 8 760 800 200 400 480 620 680 540 I 590 430 Period Unit Sales 9 10 11 12 13 14 15 580 320 240 720 280 440 380 Cost of Sales $390 240 230 550 260 410 260 Hint: Use the above information about unit sales and total cost of sales to prepare a scatter diagram offline. Draw a cost line (offline) that reflects behavior displayed by this cost. Determine whether the cost is variable, step-wise, fixed, mixed, or curvilinear.

Period Unit Sales Cost of Sales 1 $590 560 230 400 390 550 2 3 4 5 6 7 8 760 800 200 400 480 620 680 540 I 590 430 Period Unit Sales 9 10 11 12 13 14 15 580 320 240 720 280 440 380 Cost of Sales $390 240 230 550 260 410 260 Hint: Use the above information about unit sales and total cost of sales to prepare a scatter diagram offline. Draw a cost line (offline) that reflects behavior displayed by this cost. Determine whether the cost is variable, step-wise, fixed, mixed, or curvilinear.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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