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Draw an estimated line of cost behavior

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Question: A company reports the following information about its sales and its cost of sales. Each unit of its product sells for $500. Use these data to prepare a scatter diagram. Draw an estimated line of cost behavior and determine whether the cost appears to be variable, fixed, or mixed.

Period                        Sales                Cost of Sales

1 . . . . . . . . . . . . . . $15,000                $10,100

2 . . . . . . . . . . . . . . 11,500                     7,500

3 . . . . . . . . . . . . . . 10,500                     7,000

4 . . . . . . . . . . . . . . 7,500                       5,500

5 . . . . . . . . . . . . . . 9,000                       6,000

6 . . . . . . . . . . . . . . 12,500                     9,500

Reference no: EM131538962

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