For These Data, What Is the Three-Period Centered Moving Average

question 96

Multiple Choice

For these data, what is the three-period centered moving average for period 4? $$\begin{array} { | c | c | c | c | c | c | c | c | c | c | } \hline t & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 & 9 \\\hline y _ { t } & 22 & 33 & 27 & 34 & 38 & 26 & 28 & 35 & 41 \\\hline\end{array}$$

• A)33.33
• B)31.33
• C)33.00
• D)34.00

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Definitions:

Overhead Applied

Refers to the allocation of indirect costs to specific cost objects, such as products or services, based on a predetermined rate or basis.

Direct Labor-Hours

The total hours of labor directly involved in the manufacturing process, used as a basis for allocating manufacturing overhead to products.

Departmental Predetermined Overhead Rates

The estimated overhead rates assigned to different departments within a company, used for more accurate product costing.

Markup

The amount added to the cost price of goods to cover overhead and profit; a percentage of the cost.