ACCT30210 Lecture Notes - Lecture 1: Quartile, John Tukey, Fixed Cost
Document Summary
Cost behavior: variable cost or fixed cost or mixed cost. Once identified, we remove them because they can skew the data. *outliers = points in the data that are outside of the given range, meaning they are not representatives of normal operating conditions. Look at goodness of fit according to r^2 (adjusted) We can compare two years" data and see if it"s fine for us to cut costs. Look at how to identify outliers in the data pdf on. Any number above the upper bound or below the lower bound are outliers. The upper bound represent outliers (above the upper bound) Conclusion then about what we"re analyzing if it has any one of these p-values: they seem to be a decent, suitable cost driver. Distribution costs (d. c. ) = ,064,928. 73 + sh. 0142x + e. So this is saying: for every additional of revenues, distribution costs increases by sh. 0142. Historical data = q1 2000 q4 2008.
