TABLE 16-7 the Number of Passengers Arriving at San Francisco on the on the Amtrak

question 53

Short Answer

TABLE 16-7
The number of passengers arriving at San Francisco on the Amtrak cross-country express on 6 successive Mondays were: 60, 72, 96, 84, 36, and 48.
-Referring to Table 16-7, the number of arrivals will be exponentially smoothed with a smoothing constant of 0.25. The forecast of the number of arrivals on the seventh Monday will be ______ .

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Definitions:

Prime Costs

The combined total of direct labor and direct materials cost incurred in the manufacturing of products.

Direct Materials

Raw materials that are directly traceable to the production of a specific product and are an integral part of the finished product.

Indirect Materials

Materials used in the production process that cannot be directly linked to a specific product, such as lubricants and cleaning supplies.

Managerial Accounting

The practice of identifying, measuring, analyzing, interpreting, and communicating financial information to managers for the purpose of achieving organizational goals.