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Scattergraph, High-Low Method, and Predicting Cost for a Different Time Period from the One Used...

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Accounting

image Scattergraph, High-Low Method, and Predicting Cost for a Different Time Period from the One Used to Develop a Cost Formula goods), which she believes is driven by the number of receiving orders. Ten months of data have been gathered for the receiving activity and are as follows: Required: 1. On your own paper, prepare a scattergraph based on the 10 months of data. Based on this, does the relationship appear to be linear? 2. Using the high-low method, select a cost formula for the receiving activity. Receiving cost =$6,600+($12 number of receiving orders Using the cost formula, what is the predicted cost of receiving for a month in which 1,450 receiving orders are processed? $ $ Prepare a cost formula for the receiving activity for a year. Based on this formula, what is the predicted cost of receiving for a year in which 18,000 receiving orders are anticipated? $

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