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When You Use the SUM Function, Excel Assumes That All

question 99

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When you use the SUM function, Excel assumes that all santiguous numbers should be summed.


Definitions:

Horizontal Axis

In graphing, the horizontal axis represents the independent variable and is typically labeled as the x-axis.

Estimated Line of Cost Behavior

A projection or estimation of how costs change in relation to changes in an organization’s level of activity.

High-Low Method

An accounting technique used to estimate variable and fixed costs associated with a business activity by analyzing the highest and lowest levels of activity.

Scatter Diagram

A graphical representation used to show the relationship between two variables, often used in statistics and quality control to identify potential correlations.

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