The manager of the main laboratory facility at MetroHealth Center is interested in being able to predict the overhead costs each month for the lab. The manager believes that total overhead varies with the number of lab tests performed but that some costs remain the same each month regardless of the number of lab tests performed. The lab manager collected the following data for the first seven months of the year: Read the requirements (Click the ioon to view the data.) Overhead C Requirement 1. Prepare a scatter plot of the lab's volume (number of lab tests performed) and total laboratory overhead costs. Plot the points on the graph. (Enlarge the graph and use the point tool button displayed below to draw the graph.) Relationship of Total Laboratory Overhead Costs to Number of Lab Tests Performed Aborory $36.000 $34,000 $32.000 $30,000 $28.000 $20,000 $24.000 $22,000 $20,000 $18.000 $16.000 $14.000 $12,000 1,6001,7502.6003.2504,0004.750 Number of Lab Tests Performed COD Click to enlarge graph Data table Month January..... February.... March April........ May ******* June........ July........ Number of Lab Tests Performed 3,100 2,750 3,350 3,750 4,000 2,000 3,900 Total Laboratory Overhead Costs $22,800 $21,700 $23,900 $28,100 $27,500 $19,500 $27,100 X
The manager of the main laboratory facility at MetroHealth Center is interested in being able to predict the overhead costs each month for the lab. The manager believes that total overhead varies with the number of lab tests performed but that some costs remain the same each month regardless of the number of lab tests performed. The lab manager collected the following data for the first seven months of the year: Read the requirements (Click the ioon to view the data.) Overhead C Requirement 1. Prepare a scatter plot of the lab's volume (number of lab tests performed) and total laboratory overhead costs. Plot the points on the graph. (Enlarge the graph and use the point tool button displayed below to draw the graph.) Relationship of Total Laboratory Overhead Costs to Number of Lab Tests Performed Aborory $36.000 $34,000 $32.000 $30,000 $28.000 $20,000 $24.000 $22,000 $20,000 $18.000 $16.000 $14.000 $12,000 1,6001,7502.6003.2504,0004.750 Number of Lab Tests Performed COD Click to enlarge graph Data table Month January..... February.... March April........ May ******* June........ July........ Number of Lab Tests Performed 3,100 2,750 3,350 3,750 4,000 2,000 3,900 Total Laboratory Overhead Costs $22,800 $21,700 $23,900 $28,100 $27,500 $19,500 $27,100 X
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Transcribed Image Text:The manager of the main laboratory facility at MetroHealth Center is interested in being able to predict the overhead costs each month for the lab. The manager
that varies with the
of lab
performed but that some costs
same each month
of the
lab tests
performed. The lab manager collected the following data for the first seven months of the year.
(Click the icon to view the data.)
Read the requirements.
Requirement 1. Prepare a scatter plot of the lab's volume (number of lab tests performed) and total laboratory overhead costs.
Plot the points on the graph. (Enlarge the graph and use the point tool button displayed below to draw the graph.)
Relationship of Total Laboratory
Overhead Costs to Number of Lab
Q
Tests Performed
Total Laboratory Overhead Co
$36.000
$34.000-
$32.000
$30,000
$28.000
$26.000
$24.000
$24,000
$22.000-
$20,000-
$18,000
$16.000
$14,000
$12,000
1,0001.7502 5003,2504,0004,750
Number of Lab Tests Performed
Click to
enlarge
graph
Data table
Month
January.....
February....
March
April...
May
****
June...
July
********
Number of Lab
Tests Performed
Print
3,100
2,750
3,350
3,750
4,000
2,000
3,900
Total Laboratory
Overhead Costs
Done
$22,800
$21,700
$23,900
$28,100
$27,500
$19,500
$27,100
X
6-3.
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