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Assume the local Pearle Vision has the following information on the number of sales orders received and order-processing costs. Month -234567 Sales Orders 3,000
Assume the local Pearle Vision has the following information on the number of sales orders received and order-processing costs. Month -234567 Sales Orders 3,000 1,800 4,400 2,800 2,300 600 Order- Processing Costs $132,320 80,600 193,120 131,040 111,640 32,960 2,000 100,000 The data was plotted on a scatter diagram as following: order processing costs $250,000 $200,000 $150,000 $100,000 $50,000 $0 1,000 2,000 3,000 4,000 5,000 Please visually check the scatter diagram. Using the information from representative high-and low-volume months, develop a cost estimating equation for monthly production costs. Please show your steps and calculations. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI U S Paragraph Arial 10pt > < - + 0 + P EE E AIx
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