THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 1

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The table below shows the quarterly sales of Dragon Ball Z action figures in a toy store.The forecaster uses the double exponential smoothing model to determine the forecast for future periods.
Given: α = 0.7 and β = 0.3

-The sales forecast for the 2^nd quarter of year 9 is approximately ________ in 000's.

• A)154 units
• B)164 units
• C)174 units
• D)184 units

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Definitions:

Raw Materials

Primary components used to produce or fabricate products.

Direct Labor

The wages and expenses directly associated with workers who physically produce goods or provide services.

Work in Process Inventory

Represents goods that are in the process of being manufactured but are not yet completed.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material and labor costs.