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    Trend Chart

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    Prepare a short range trend chart of the operations appraisal cost/production cost ratio using the following data:

    Month Operational appraisal costs (thousands) Production costs (thousands)

    Jan $10 $100
    Feb $13 $120
    Mar $9 $115
    Apr $11 $145
    May $9 $125
    June $8 $95
    Jul $8 $105

    What information does the chart give? Suggest additional information that could be valuable.

    © BrainMass Inc. brainmass.com March 4, 2021, 7:40 pm ad1c9bdddf

    Solution Preview

    Please see the chart attached.

    From the chart, we can see a downward trend. This means that operational appraisal cost as a percent of total production costs have ...

    Solution Summary

    The solution prepares a trend chart using the data given in the question and interprets it.