Fiske Corporation manufactures a popular regional brand of kitchen utensils. The design and variety has been fairly constant over the last three years. The managers at Fiske are planning for some changes in the product line next year, but first they want to understand better the relation between activity and factory costs as experienced with the current products. Discussions with the plant supervisor suggest that overhead seems to vary with labor$-$hours, machine$-$hours, or both. The following data were collected from last three year$$s operations:

Quarter Machine$-$Hours Labor$-$Hours Factory costs

$118,85015,605$ $ $3,395,671$

$218,59015,4843,425,836$

$317,48016,7273,617,844$

$419,24015,9903,573,940$

$521,28017,5083,812,984$

$619,63017,3763,778,012$

$719,24015,2973,532,426$

$818,85014,3733,369,802$

$918,46016,0013,513,187$

$1020,67017,0023,731,434$

$1117,55014,2853,325,615$

$1218,46017,6513,724,486$

Required:

Prepare a scatter graph based on the factory cost and labor$-$hour data.

Fiske Corporation manufactures a popular regional brand of kitchen utensils. The design and variety has been fairly constant over the

last three years. The managers at Fiske are planning for some changes in the product line next year, but first they want to understand

better the relation between activity and factory costs as experienced with the current products. Discussions with the plant supervisor

suggest that overhead seems to vary with labor$-$hours, machine$-$hours, or both. The following data were collected from last three

year's operations:

Required:

Prepare a scatter graph based on the factory cost and labor$-$hour data.

Note:

Click on a point to the right of the graph.

Click within the graph to place the point.

Enter the exact coordinates in the dialog box that appears to the right of the graph. Enter your plotting points in thousands.

Round your $x-$axis to $1$ decimal place and $y-$axis to the nearest ten $($i$.$e$.,15,484$ labor$-$hours and $$3,425,836$ factory costs would

be entered as $15\mathrm{.}5$ and $3430).$

Click save.

To change coordinates already saved, click on a point already placed in the graph, and enter revised coordinates in the dialog

box that opens.

Fiske Corporation

$($in thousands$)$