The Total Sales of Household Computers in the U

question 135

Short Answer

The total sales of household computers in the U.S., as measured by sales to retail consumer dealers, in millions of dollars, was 2,385 in 1984 and 16,585 in 1997.
A. Find the average rate of change in sales between 1984 and 1997 (in millions of dollars, to the nearest tenth).
B. Use your answer to estimate total sales in 2000 (in millions of dollars, to the nearest tenth).

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Definitions:

Direct Labor Hour

A measure of the labor time specifically involved in the direct manufacture of products, not including indirect tasks.

Direct Labor Rate Variance

It's a measure used in cost accounting to determine the difference between the actual labor cost per hour and the expected (or standard) cost per hour.

Direct Labor Time Variance

The difference between the actual time taken to manufacture a product and the standard time expected, multiplied by the wage rate, indicating inefficiency or efficiency in production.

Standard Hours Per Unit

The predetermined amount of time expected to be required to produce one unit of a product under standard operating conditions.