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What is the forecast for July based on a three-month weighted moving average applied to the following past demand data and using the weights: 5, 4, and 3 (largest weight is for most recent data)? Show all of your computations for April through July.
Manufacturing Overhead Costs
Costs in the manufacturing process that are not directly attributable to the specific product, including equipment maintenance and factory supervision.
Quality Improvement Process
Continuous efforts to enhance product quality, process efficiencies, or customer satisfaction.
Total Quality Costs
The cumulative cost of all efforts to achieve product or service quality, including prevention, appraisal, and failure costs.
Weighted-Average Method
A process costing method that blends together units and costs from both the current and prior periods.
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