Pints of Month Applesauce Produced Energy Cost January 35, 000 $23,400 February 21,000 22,100 March 22,000 22,000 April 24,000 22,450 May 30,000 22,900 June 32,000 . 23,350 July 40,000 28,000 August 30,000 22,800 September 30,000 23,000 October . 28,000 22,700 November 41,000 24,100 December 39,000 24,950
Pints of Month Applesauce Produced Energy Cost January 35, 000 $23,400 February 21,000 22,100 March 22,000 22,000 April 24,000 22,450 May 30,000 22,900 June 32,000 . 23,350 July 40,000 28,000 August 30,000 22,800 September 30,000 23,000 October . 28,000 22,700 November 41,000 24,100 December 39,000 24,950
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Refer to the data given below.
Required:
1. Draw a scatter diagram and graph the company’s energy cost behavior using the visual-fit method.
2. Predict the energy cost for a month in which 26,000 pints of applesauce are produced.
3. What peculiarity is apparent from the scatter diagram? What should the cost analyst do?
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