Short range trend chart of the operations appraisal cost

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Reference no: EM1377712

Set up a short range trend chart of the operations appraisal cost or production cost ratio using the following information:

Month Operational appraisal costs (thousands) Production costs (thousands)

Jan $10 $100
Feb $13 $120
Mar $9 $115
Apr $11 $145
May $9 $125
June $8 $95
Jul $8 $105

What information does the chart give? Suggest additional information that could be valuable.

Reference no: EM1377712

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