Assume the local Pearle Vision has the following information onthe number of sales orders...

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Accounting

Assume the local Pearle Vision has the following information onthe number of sales orders received and order-processing costs.
Month Sales Orders Order-Processing Costs
1 ........................................ 3,000 $?82,700
2 ........................................ 1,500 50,375
3 ........................................ 4,400 120,700
4 ........................................ 2,800 81,900
5 ........................................ 2,300 69,775
6 ........................................ 1,200 43,100
7 ........................................ 2,000 62,500
Required
a. Use information from the high- and low-volume months todevelop a cost-estimating equation for
monthly order-processing costs.
b. Plot the data on a scatter diagram. Using the informationfrom representative high- and low-volume
months, develop a cost-estimating equation for monthlyproduction costs.
c. What factors might have caused the difference in theequations developed for requirements (a) and (b)?
* can i have the answer as a text not pictures

Answer & Explanation Solved by verified expert

4.4 Ratings (765 Votes)

Highest Sales order is 4400 and 120700Lowest Sales order is 1200 and 43100Per Sales order variable See Answer

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In: AccountingAssume the local Pearle Vision has the following information onthe number of sales orders received...Assume the local Pearle Vision has the following information onthe number of sales orders received and order-processing costs.Month Sales Orders Order-Processing Costs1 ........................................ 3,000 $?82,7002 ........................................ 1,500 50,3753 ........................................ 4,400 120,7004 ........................................ 2,800 81,9005 ........................................ 2,300 69,7756 ........................................ 1,200 43,1007 ........................................ 2,000 62,500Requireda. Use information from the high- and low-volume months todevelop a cost-estimating equation formonthly order-processing costs.b. Plot the data on a scatter diagram. Using the informationfrom representative high- and low-volumemonths, develop a cost-estimating equation for monthlyproduction costs.c. What factors might have caused the difference in theequations developed for requirements (a) and (b)?* can i have the answer as a text not pictures