The President of Northern University Wants to Forecast Student Enrolments

question 131

Multiple Choice

The president of Northern University wants to forecast student enrolments for this academic year based on the following historical data: What is the forecast for this year using a three period moving average?

• A)16,333
• B)17,250
• C)18,000
• D)19,667
• E)21,000

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Definitions:

Activity-based Costing

An accounting method that assigns costs to products or services based on the activities and resources used to produce them.

Specialized Electric Motors

Electric motors that are designed and manufactured for specific applications or to meet particular requirements, distinguishing them from standard or generic motors.

Cost Drivers

Factors that cause changes in the cost of an activity or operation, influencing the total expenses.

Manufacturing Overheads

Expenses related to the manufacturing process that are not directly tied to the production of individual units, such as factory rent and machinery maintenance.