Use This Graph to Answer the Question

question 18

Multiple Choice

Use this graph to answer the question.
-Which month in 2010 had the lowest sales?

• A)Month 2
• B)Month 12
• C)Month 3
• D)Month 7

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Definitions:

Standard Cost

A predetermined cost of manufacturing, selling, or any other operation under normal conditions.

Standard Cost

A predetermined cost of manufacturing a single unit or a number of units during a specific period under normal conditions.

Budgeted Cost

An estimate of expenses or costs that are planned for a specific period in the future.

Production Estimates

These are predictions or forecasts about the volume of production expected to be achieved in a specified future period.