Q-1)Prepare a scattergraph using the above data. Plot cost on the vertical axis and activity on the horizontal axis. Fit a line to your plotted points using a ruler. EXERCISE 3-2 Scattergraph Analysis [LO2]Oki Products, Ltd., has observed the following processing costs at various levels of activity over the last 15months:Month123456781011.234512131415UnitsProduced4,50011,00012,0005,5009,00010,5007,5005,00011,5006,0008,50010,0006,5009,5008,000ProcessingCost$38,000$52,000$56,000$40,000$47,000$52,000$44,000$41,000$52,000$43,000$48,000$50,000$44,000$48,000$46,000C

Scatter diagram refers to the scatter plot or diagram which graphs the pairs of the numerical data…

Answered: Q-1)Prepare a scattergraph using the…

Q-1)Prepare a scattergraph using the above data. Plot cost on the vertical axis and activity on the horizontal axis. Fit a line to your plotted points using a ruler.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

Q-1)Prepare a scattergraph using the above data. Plot cost on the vertical axis and activity on the horizontal axis. Fit a line to your plotted points using a ruler.

EXERCISE 3-2 Scattergraph Analysis [LO2]
Oki Products, Ltd., has observed the following processing costs at various levels of activity over the last 15
months:
Month
12345678
10
11.
2345
12
13
14
15
Units
Produced
4,500
11,000
12,000
5,500
9,000
10,500
7,500
5,000
11,500
6,000
8,500
10,000
6,500
9,500
8,000
Processing
Cost
$38,000
$52,000
$56,000
$40,000
$47,000
$52,000
$44,000
$41,000
$52,000
$43,000
$48,000
$50,000
$44,000
$48,000
$46,000
C

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