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LekaFEV [45]
3 years ago
12

In this market research step, the data are compiled, studied, and interpreted:

Business
1 answer:
Nuetrik [128]3 years ago
4 0

Answer:

Data Preparation/Assembling Analysis

Explanation:

In the data analysis step of Market Research, the data collected in the research are put together, arranged in an organized form, put through detailed review, properly verified by an valid process, interpreted and expounded

In the preparation and analysis step, the data is formatted by editing, coding, transcription and verification to enable accurate analysis of the collected information. Data validation process is put in place to ensure that the proper data that quantifies the desired metrics are obtained.

The process of data preparation and analysis enables the decision making process by promoting the process of suggesting conclusions, whereby useful information is highlighted by the modelling, transformation, cleaning, and inspection data analysis processes

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As per the data given in the question,

Number of units produced = 10,000

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Cost per unit = Amount/ 10,000

                                                               Absorption            Variable  

Direct material                                                $5.2                 $5.2

Direct Labor                                                    $8                     $8

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Fixed manufacturing overhead                       $9.1                  $9.1

Unit product cost                                           $24.8                $15.7

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