Table 119 -Use the Information in Table 11

question 183

Multiple Choice

Table 11.9.
$$\begin{array} { | c | c | c | } \hline \text { Quarter } & \begin{array} { c } \text { Forecasted } \\\text { Demand } \\\text { (Units) }\end{array} & \begin{array} { c } \text { Actual } \\\text { Demand } \\\text { (Units) }\end{array} \\\hline 1 & 85 & 95 \\2 & 55 & 55 \\3 & 70 & 45 \\4 & 60 & 75 \\\hline\end{array}$$
-Use the information in Table 11.9. What is the standard deviation of forecast errors for the data?

• A) 0 units
• B) greater than 0, but less than or equal to 10 units
• C) greater than 10, but less than 20 units
• D) greater than 20 units

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Definitions:

Equivalent Units

Equivalent units is a concept in cost accounting used to allocate costs to partially completed goods, converting them into the amount of finished goods units.

Weighted-average

A calculation that takes into account the varying degrees of importance or quantities of different items in a data set, providing a figure that reflects their proportional contributions.

Materials

Substances or components used in the production or manufacturing of goods.

Equivalent Unit

A measure used in cost accounting to express the amount of work done on incomplete units in terms of fully completed units.