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Case 16-2 Since Extensive Data in the Form of Numbers

question 4

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Case 16-2 Since extensive data in the form of numbers can be difficult to assimilate, such data are better represented as charts. There are several types of charts available in Microsoft Excel. Choosing the right chart type to represent a data source is important to effectively illustrate a data. A chart type should be chosen based on the number of data series, range of data series values, type of data series etc. ​
Natalia, a weather reporter, wants to plot a graph using the rainfall data in the past 20 years in a particular state. She intends to present the graph in a single cell to identify the maximum and minimum rainfall. In this scenario, Natalia should use a _____ to represent her data.


Definitions:

Price Variance

The difference between the actual cost of a good or service and its standard or expected cost.

Product Costs

The total costs incurred to create a product, which include direct materials, direct labor, and manufacturing overhead.

Financial Accounting

The field of accounting focused on the summary, analysis, and reporting of financial transactions relating to a business.

Management Accounting

A branch of accounting that focuses on the preparation and analysis of financial information for internal decision-makers within an organization.

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