Scatter diagram is used to depict a relationship between two variables and to spot trends and correlation and shows the following conclusion. With increase in Y-axis variable with rise in X-axis variable, correlation will be positive. With decrease in Y-axis variable with rise in X-axis variable, correlation will be negative. If correlation is equal to zero, then, it will not be possible from above criteria. Scattered diagram for the data with sales volume on a horizontal axis and the total cost on a vertical axis.

Question

Want to see the full answer?

Answer 1

Question

Chapter 5, Problem 2PSA

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables and to spot trends and correlation and shows the following conclusion.

With increase in Y-axis variable with rise in X-axis variable, correlation will be positive.

With decrease in Y-axis variable with rise in X-axis variable, correlation will be negative.

If correlation is equal to zero, then, it will not be possible from above criteria.

Scattered diagram for the data with sales volume on a horizontal axis and the total cost on a vertical axis.

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables, spot trends and correlation and show the following conclusion.

With increase in Y-axis variable with rise in X-axis variable, correlation will be positive.

With decrease in Y-axis variable with rise in X-axis variable, correlation will be negative.

If correlation is equal to zero, then, it will not be possible to form the above criteria.

Variable cost changes with the level of production and fixed cost remain constant.

To explain:

The variable cost per sales dollar and the total monthly fixed cost using high −low method and a linear graph.

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables making it easier to spot trends and correlations and show the following conclusion.

With increase in Y-axis variable with rise in X-axis variable, correlation will be positive.

With decrease in Y-axis variable with rise in X-axis variable, correlation will be negative.

If correlation is equal to zero, then, it will not be possible from above criteria.

Requirement 3:

The estimated line of cost behaviour, result from part 2 and prediction of the total cost when sale is $200000 and $300000.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

I need guidance in solving this financial accounting problem using standard procedures.

Which of the following is correct about financial instruments? Question 1 options: Accounting for financial instruments has been consistent. All financial instruments are accounted for at fair value. There is no economic substance to financial instruments. They may be used in support of innovations designed to circumvent accounting standards. Previous PageNext Page

Can you help me solve this general accounting problem with the correct methodology?

Answer 2

Question

Chapter 5, Problem 2PSA

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables and to spot trends and correlation and shows the following conclusion.

With increase in Y-axis variable with rise in X-axis variable, correlation will be positive.

With decrease in Y-axis variable with rise in X-axis variable, correlation will be negative.

If correlation is equal to zero, then, it will not be possible from above criteria.

Scattered diagram for the data with sales volume on a horizontal axis and the total cost on a vertical axis.

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables, spot trends and correlation and show the following conclusion.

With increase in Y-axis variable with rise in X-axis variable, correlation will be positive.

With decrease in Y-axis variable with rise in X-axis variable, correlation will be negative.

If correlation is equal to zero, then, it will not be possible to form the above criteria.

Variable cost changes with the level of production and fixed cost remain constant.

To explain:

The variable cost per sales dollar and the total monthly fixed cost using high −low method and a linear graph.

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables making it easier to spot trends and correlations and show the following conclusion.

With increase in Y-axis variable with rise in X-axis variable, correlation will be positive.

With decrease in Y-axis variable with rise in X-axis variable, correlation will be negative.

If correlation is equal to zero, then, it will not be possible from above criteria.

Requirement 3:

The estimated line of cost behaviour, result from part 2 and prediction of the total cost when sale is $200000 and $300000.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 5, Problem 2PSA

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables and to spot trends and correlation and shows the following conclusion.

With increase in Y-axis variable with rise in X-axis variable, correlation will be positive.

With decrease in Y-axis variable with rise in X-axis variable, correlation will be negative.

If correlation is equal to zero, then, it will not be possible from above criteria.

Scattered diagram for the data with sales volume on a horizontal axis and the total cost on a vertical axis.

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables, spot trends and correlation and show the following conclusion.

With increase in Y-axis variable with rise in X-axis variable, correlation will be positive.

With decrease in Y-axis variable with rise in X-axis variable, correlation will be negative.

If correlation is equal to zero, then, it will not be possible to form the above criteria.

Variable cost changes with the level of production and fixed cost remain constant.

To explain:

The variable cost per sales dollar and the total monthly fixed cost using high −low method and a linear graph.

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables making it easier to spot trends and correlations and show the following conclusion.

With increase in Y-axis variable with rise in X-axis variable, correlation will be positive.

With decrease in Y-axis variable with rise in X-axis variable, correlation will be negative.

If correlation is equal to zero, then, it will not be possible from above criteria.

Requirement 3:

The estimated line of cost behaviour, result from part 2 and prediction of the total cost when sale is $200000 and $300000.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 5, Problem 2PSA

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables and to spot trends and correlation and shows the following conclusion.

With increase in Y-axis variable with rise in X-axis variable, correlation will be positive.

With decrease in Y-axis variable with rise in X-axis variable, correlation will be negative.

If correlation is equal to zero, then, it will not be possible from above criteria.

Scattered diagram for the data with sales volume on a horizontal axis and the total cost on a vertical axis.

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables, spot trends and correlation and show the following conclusion.

With increase in Y-axis variable with rise in X-axis variable, correlation will be positive.

With decrease in Y-axis variable with rise in X-axis variable, correlation will be negative.

If correlation is equal to zero, then, it will not be possible to form the above criteria.

Variable cost changes with the level of production and fixed cost remain constant.

To explain:

The variable cost per sales dollar and the total monthly fixed cost using high −low method and a linear graph.

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables making it easier to spot trends and correlations and show the following conclusion.

With increase in Y-axis variable with rise in X-axis variable, correlation will be positive.

With decrease in Y-axis variable with rise in X-axis variable, correlation will be negative.

If correlation is equal to zero, then, it will not be possible from above criteria.

Requirement 3:

The estimated line of cost behaviour, result from part 2 and prediction of the total cost when sale is $200000 and $300000.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 5, Problem 2PSA

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables and to spot trends and correlation and shows the following conclusion.

With increase in Y-axis variable with rise in X-axis variable, correlation will be positive.

With decrease in Y-axis variable with rise in X-axis variable, correlation will be negative.

If correlation is equal to zero, then, it will not be possible from above criteria.

Scattered diagram for the data with sales volume on a horizontal axis and the total cost on a vertical axis.

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables, spot trends and correlation and show the following conclusion.

With increase in Y-axis variable with rise in X-axis variable, correlation will be positive.

With decrease in Y-axis variable with rise in X-axis variable, correlation will be negative.

If correlation is equal to zero, then, it will not be possible to form the above criteria.

Variable cost changes with the level of production and fixed cost remain constant.

To explain:

The variable cost per sales dollar and the total monthly fixed cost using high −low method and a linear graph.

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables making it easier to spot trends and correlations and show the following conclusion.

With increase in Y-axis variable with rise in X-axis variable, correlation will be positive.

With decrease in Y-axis variable with rise in X-axis variable, correlation will be negative.

If correlation is equal to zero, then, it will not be possible from above criteria.

Requirement 3:

The estimated line of cost behaviour, result from part 2 and prediction of the total cost when sale is $200000 and $300000.

Answer 6

Chapter 5, Problem 2PSA

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables and to spot trends and correlation and shows the following conclusion.

With increase in Y-axis variable with rise in X-axis variable, correlation will be positive.

With decrease in Y-axis variable with rise in X-axis variable, correlation will be negative.

If correlation is equal to zero, then, it will not be possible from above criteria.

Scattered diagram for the data with sales volume on a horizontal axis and the total cost on a vertical axis.

Answer 7

Chapter 5, Problem 2PSA

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables and to spot trends and correlation and shows the following conclusion.

With increase in Y-axis variable with rise in X-axis variable, correlation will be positive.

With decrease in Y-axis variable with rise in X-axis variable, correlation will be negative.

If correlation is equal to zero, then, it will not be possible from above criteria.

Scattered diagram for the data with sales volume on a horizontal axis and the total cost on a vertical axis.

Answer 8

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables, spot trends and correlation and show the following conclusion.

With increase in Y-axis variable with rise in X-axis variable, correlation will be positive.

With decrease in Y-axis variable with rise in X-axis variable, correlation will be negative.

If correlation is equal to zero, then, it will not be possible to form the above criteria.

Variable cost changes with the level of production and fixed cost remain constant.

To explain:

The variable cost per sales dollar and the total monthly fixed cost using high −low method and a linear graph.

Answer 9

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables, spot trends and correlation and show the following conclusion.

With increase in Y-axis variable with rise in X-axis variable, correlation will be positive.

With decrease in Y-axis variable with rise in X-axis variable, correlation will be negative.

If correlation is equal to zero, then, it will not be possible to form the above criteria.

Variable cost changes with the level of production and fixed cost remain constant.

To explain:

The variable cost per sales dollar and the total monthly fixed cost using high −low method and a linear graph.

Answer 10

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables making it easier to spot trends and correlations and show the following conclusion.

With increase in Y-axis variable with rise in X-axis variable, correlation will be positive.

With decrease in Y-axis variable with rise in X-axis variable, correlation will be negative.

If correlation is equal to zero, then, it will not be possible from above criteria.

Requirement 3:

The estimated line of cost behaviour, result from part 2 and prediction of the total cost when sale is $200000 and $300000.

Answer 11

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables making it easier to spot trends and correlations and show the following conclusion.

With increase in Y-axis variable with rise in X-axis variable, correlation will be positive.

With decrease in Y-axis variable with rise in X-axis variable, correlation will be negative.

If correlation is equal to zero, then, it will not be possible from above criteria.

Requirement 3:

The estimated line of cost behaviour, result from part 2 and prediction of the total cost when sale is $200000 and $300000.

Answer 12

Expert Solution & Answer

Answer 13

Expert Solution & Answer

Answer 14

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 15

Ch. 5 - Prob. 1MCQ Ch. 5 - Prob. 2MCQ Ch. 5 - Prob. 3MCQ Ch. 5 - Prob. 4MCQ Ch. 5 - Prob. 5MCQ Ch. 5 - Prob. 1DQ Ch. 5 - Prob. 2DQ Ch. 5 - When output volume increases, do fixed costs per...Ch. 5 - How is the cost-volume-profit analysis useful?Ch. 5 - Prob. 5DQ

Solution Summary: The author explains that scatter diagrams depict a relationship between two variables, spot trends and correlation, and shows the following conclusion.

Concept explainers

Videos

Want to see the full answer?

Chapter 5 Solutions