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[The following information applies to the questions displayed below.] Archer Company is a wholesaler of custom-built air-conditioning units for commercial buildings. It gathered the following
[The following information applies to the questions displayed below.]
Archer Company is a wholesaler of custom-built air-conditioning units for commercial buildings. It gathered the following monthly data relating to units shipped and total shipping expense:
Month | Units Shipped | Total Shipping Expense | |||
January | 2 | $ | 1,400 | ||
February | 5 | $ | 1,900 | ||
March | 3 | $ | 1,300 | ||
April | 4 | $ | 1,600 | ||
May | 6 | $ | 1,900 | ||
June | 7 | $ | 2,900 | ||
July | 1 | $ | 800 | ||
Required:
1-a. Prepare a scattergraph using the data given above. Plot cost on the vertical axis and activity on the horizontal axis.
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