1. Prepare the scatter diagram, clearly showing any outliers.
2. Using the line of best-fit, determine the company’s fixed cost per month and the variable cost per unit. (Use 0 & 5,000 units.)
Extracted text: The table below shows monthly data collected on production costs and on the number of units produced over a twelve month period. Month Total Production Level of Activity (Units Produced) Costs July $230,000 3:500 August 250,000 3,750 September 260,000 3,800 October 220,000 3,400 November 340,000 5,800 December 330,000 5:500 January 200,000 2,900 February March 210,000 3:300 240,000 3,600 April 380,000 5,900 Мay 350,000 5,600 June 290,000 5,000