Cliffs Fresh Stacks Pancake Restaurant features sourdough pancakes made from a strain of sourdough dating back to

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Cliff€™s €œFresh Stacks€ Pancake Restaurant features sourdough pancakes made from a strain of sourdough dating back to Confederation. To plan for the future, Cliff needs to figure out his cost behaviour patterns. He has the following information about his operating costs and the number of pancakes served:
Cliff€™s €œFresh Stacks€ Pancake Restaurant features sourdough pancakes made from

Requirements
1. Prepare a scatter plot of Cliff€™s pancake volume and operating costs.
2. Do the data appear sound, or do there appear to be any outliers? Explain.
3. Based on the scatter plot, do operating costs appear to be variable, fixed, or mixed costs?
4. How strong of a relationship is there between pancake volume and operating costs?

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Related Book For  book-img-for-question

Managerial Accounting

ISBN: 978-0176223311

1st Canadian Edition

Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp

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