Scatter diagram is used to depict a relationship between two variables making it easier 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 the above criteria. Requirement 1: Scattered diagram for the data with sales volume on horizontal axis and the total cost on vertical axis.

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Answer 1

Question

Chapter 5, Problem 2PSB

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables making it easier 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 the above criteria.

Requirement 1:

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

To determine

Concept introduction:

Scatter diagram is used to depict 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.

Variable cost changes with changes in level of production and the fixed cost remains 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 relationship between two variables making it easier to spot trends and correlation and it 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 the above criteria.

The estimated line of cost behaviour result from part 2 and the prediction of the total cost when sale is $100 and $170.

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Students have asked these similar questions

Cypher Tech Solutions uses a job costing system and has a predetermined overhead rate of $28 per direct labor hour. This is based on estimated overhead of $30,800 and 1,100 estimated direct labor hours. In addition, Selling, General, and Administrative (SG&A) costs for the period totaled $142,000. Total units produced during the period were 1,400,000. Job #204 incurred direct material costs of $85 and four direct labor hours costing $76 per hour. What is the total cost of Job #204?

Calculate the cost of goods sold

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Answer 2

Question

Chapter 5, Problem 2PSB

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables making it easier 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 the above criteria.

Requirement 1:

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

To determine

Concept introduction:

Scatter diagram is used to depict 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.

Variable cost changes with changes in level of production and the fixed cost remains 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 relationship between two variables making it easier to spot trends and correlation and it 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 the above criteria.

The estimated line of cost behaviour result from part 2 and the prediction of the total cost when sale is $100 and $170.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 5, Problem 2PSB

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables making it easier 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 the above criteria.

Requirement 1:

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

To determine

Concept introduction:

Scatter diagram is used to depict 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.

Variable cost changes with changes in level of production and the fixed cost remains 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 relationship between two variables making it easier to spot trends and correlation and it 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 the above criteria.

The estimated line of cost behaviour result from part 2 and the prediction of the total cost when sale is $100 and $170.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 5, Problem 2PSB

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables making it easier 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 the above criteria.

Requirement 1:

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

To determine

Concept introduction:

Scatter diagram is used to depict 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.

Variable cost changes with changes in level of production and the fixed cost remains 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 relationship between two variables making it easier to spot trends and correlation and it 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 the above criteria.

The estimated line of cost behaviour result from part 2 and the prediction of the total cost when sale is $100 and $170.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 5, Problem 2PSB

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables making it easier 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 the above criteria.

Requirement 1:

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

To determine

Concept introduction:

Scatter diagram is used to depict 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.

Variable cost changes with changes in level of production and the fixed cost remains 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 relationship between two variables making it easier to spot trends and correlation and it 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 the above criteria.

The estimated line of cost behaviour result from part 2 and the prediction of the total cost when sale is $100 and $170.

Answer 6

Chapter 5, Problem 2PSB

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables making it easier 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 the above criteria.

Requirement 1:

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

Answer 7

Chapter 5, Problem 2PSB

To determine

Concept introduction:

Scatter diagram is used to depict a relationship between two variables making it easier 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 the above criteria.

Requirement 1:

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

Answer 8

To determine

Concept introduction:

Scatter diagram is used to depict 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.

Variable cost changes with changes in level of production and the fixed cost remains 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 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.

Variable cost changes with changes in level of production and the fixed cost remains 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 relationship between two variables making it easier to spot trends and correlation and it 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 the above criteria.

The estimated line of cost behaviour result from part 2 and the prediction of the total cost when sale is $100 and $170.

Answer 11

To determine

Concept introduction:

Scatter diagram is used to depict relationship between two variables making it easier to spot trends and correlation and it 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 the above criteria.

The estimated line of cost behaviour result from part 2 and the prediction of the total cost when sale is $100 and $170.

Answer 12

Expert Solution & Answer

Answer 13

Expert Solution & Answer

Answer 14

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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 a scatter diagram is used to depict relationship between two variables making it easier to spot trends and correlation.

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