Oki Products, Ltd., has observed the following processing costs at various levels of activity over the last 15 months: Required: 1. Prepare a scattergraph using the above data. Plot cost on the...

Oki Products, Ltd., has observed the following processing costs at various levels of activity over the last 15 months:



Required:
1. Prepare a scattergraph using the above data. Plot cost on the vertical axis and activity on the horizontal axis. Fit a line to your plotted points using a ruler.
2. Using the quick-and-dirty method, what is the approximate monthly fixed cost? The approximate variable cost per unit processed? Show yourcomputations.