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Oki Products, Ltd., has observed the following processing costs at various levels of activity over the last 15 months: Required: 1. Prepare a scattergraph using the above data. Plot cost on the...

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Oki Products, Ltd., has observed the following processing costs at various levels of activity over the last 15 months:

Required:
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.
2. Using the quick-and-dirty method, what is the approximate monthly fixed cost? The approximate variable cost per unit processed? Show yourcomputations.
Answered Same Day Dec 31, 2021

Solution

Robert answered on Dec 31 2021
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