Question 66
A company is forecasting sales volume using time series analysis. The following equation has been derived from past data and is considered to be a reliable predictor of future sales volume:
y = 20,000+80x
Where y is the total sales units each quarter and x is the time period (the first quarter of year 1 is time period 1).
The following set of seasonal variations for each quarter has been calculated using the additive model.
What is the forecast sales units for the second quarter of year 3?
y = 20,000+80x
Where y is the total sales units each quarter and x is the time period (the first quarter of year 1 is time period 1).
The following set of seasonal variations for each quarter has been calculated using the additive model.
What is the forecast sales units for the second quarter of year 3?
Question 67
200 units each of components F, G and H are required next period.
All three components are made by skilled labour of which only 4,000 hours are available.
An external supplier is able to supply any requirements of the components.
No inventories are held.
Data for the three components are as follows:
In order to minimise cost, how many units of component H should be purchased from the external supplier?
All three components are made by skilled labour of which only 4,000 hours are available.
An external supplier is able to supply any requirements of the components.
No inventories are held.
Data for the three components are as follows:
In order to minimise cost, how many units of component H should be purchased from the external supplier?
Question 68
Find the weighted average contribution per unit using the following information:
Question 69
The definition of a trend is:
Question 70
A company uses an activity based costing system. The company manufactures three products, details of which are given below:
