E5-5 Analyzing Mixed Costs Using Scattergraph Method
Refer to the information in E5-4 regarding Valley Dental.
Required:
1. Create a scattergraph using Valley’s activity and cost information and draw a line on the graph that you believe has the best fit.
2. Using this graph and best fitting line, estimate Valley Dental’s total fixed cost.
3. Does your visual fit line differ from the one calculated using the high-low method? If so, why?
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