Which of the Following Is an Example of Time-Series Data

question 189

Multiple Choice

Which of the following is an example of time-series data:

• A) loan processing times in each of 26 similar branch offices over the last 12 months
• B) Direct labor hours in the Boston, Massachusetts and the New York City facility for each of the last 12 months
• C) indirect labor costs and machine-hours in a manufacturer's assembly department each month for the last 12 months
• D) Store sales for each U.S. based Wal-Mart for each the last 10 years.

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Definitions:

Activity Rates

Predetermined rates used in activity-based costing to allocate costs to products or services based on specific activities undertaken.

Product E6

A specific product or item in a company's lineup or inventory, indicated by the designation 'E6'.

Product J2

A specific item or model produced by a company, referred to as "J2."

Activity-Based Costing

An accounting method that assigns costs to products or services based on the activities they require, aiming to provide more accurate cost information.