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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Question

es
Period Unit Sales Cost of Sales
1
$590
2
3
4
5
6
7
8
760
800
200
400
480
620
680
540 I
560
230
400
390
550
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 the
behavior displayed by this cost.
Determine whether the cost is variable, step-wise, fixed, mixed, or curvilinear.
Check

Multiple Choice
Step-wise
Curvilinear
Fixed
Mixed
Variable

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