Asked by Melisa Di?isa?lam on Jul 04, 2024
Verified
To determine the slope of the variable cost from a scatter diagram, divide the change in volume by the change in cost.
Scatter Diagram
A graphical representation used to visualize the relationship between two quantitative variables, showing how one variable affects the other.
- Explain the relevance of scatter diagrams and the role they play in estimating cost behavior.
Verified Answer
KL
Karla LeonhardtJul 10, 2024
Final Answer :
False
Explanation :
To determine the slope of the variable cost from a scatter diagram, you divide the change in cost by the change in volume.
Learning Objectives
- Explain the relevance of scatter diagrams and the role they play in estimating cost behavior.