Gradual, Long-Term Movement in Time Series Data Is Called

question 100

Multiple Choice

Gradual, long-term movement in time series data is called:

• A)seasonal variation.
• B)cycles.
• C)irregular variation.
• D)trend.
• E)random variation.

---

Definitions:

Cost Of Goods Manufactured

The total direct costs, indirect manufacturing costs, and labor associated with the production of goods over a specific period.

Direct Costs

Direct costs are expenses that can be directly attributed to the production of a specific product or service, such as raw materials and labor costs.

Factory Supplies Expense

The cost associated with supplies used in the production process within a manufacturing facility.

Depreciation Expense-Factory

The portion of a factory's fixed assets' cost allocated as an expense during a fiscal period, due to wear and tear.