Table 113 -Use the Information in Table 11

question 153

Multiple Choice

Table 11.3
$\begin{array} { | c | c | } \hline \text { Week } & \begin{array} { c } \text { Patient } \\\text { Arrivals }\end{array} \\\hline 1 & 401 \\2 & 380 \\3 & 411 \\4 & 384 \\\hline\end{array}$
-Use the information in Table 11.3. Calculate the exponential smoothing forecast for week 5 using a = 0.10 and F₄ = 410.

• A) less than or equal to 400
• B) greater than 400 but less than or equal to 408
• C) greater than 408 but less than or equal to 416
• D) greater than 416

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Definitions:

Variable Costing

A costing method in which all variable manufacturing costs (direct materials, direct labor, and variable manufacturing overhead) are treated as product costs, while fixed overhead is treated as a period cost.

Absorption Costing

An accounting method that includes all manufacturing costs in the cost of a product, including fixed and variable costs.

Variable Costing

A costing method that includes only variable production costs (materials, labor, and overhead) in product costs.

Net Operating Income

This represents the total profit of a company after subtracting operating expenses, excluding taxes and interest.