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BE 7.5 (LO 2) Managerial Accounting Wallmark is a fast-growing manufacturer of musical greeting cards in Tallahassee, FL. To improve their business and manage growth
BE 7.5 (LO 2) Managerial Accounting Wallmark is a fast-growing manufacturer of musical greeting cards in Tallahassee, FL. To improve their business and manage growth they are heavily investing in data analytics, Match each of the data exploration scenarios with one of the following data relationships. a. Correlation c. Distribution b. Deviation d. Part-to-whole Data Exploration Data Relationship 1. A strong growth in Wallmark's number of employees has resulted in a strong growth in office expenses. 2. Last year Wallmark's labor costs systematically exceeded their estimates. This might have been caused by the premiums Wallmark paid related to the pandemic. 3. Last month the average price Wallmark paid for a button battery, a key element in musical greeting cards, was $7. However, prices for the exact same product ranged from $3 to $18. 4. Batteries represent 20% of the cost of making a standard musical greeting card
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