Given an Actual Latest Demand of 105,a Previous Forecast of 97,and

question 48

Multiple Choice

Given an actual latest demand of 105,a previous forecast of 97,and $\alpha$ = 0 4,what would be the forecast for the next period using the exponential smoothing method?

• A)80 8
• B)93 8
• C)100 2
• D)101 8
• E)108 2

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Definitions:

Standard Costs

The preset costs for delivering a product or service under normal conditions.

Pounds

Pounds refer to a unit of mass used in the imperial system, or can also refer to the British currency (GBP).

Direct Materials

Raw materials that are directly traceable to the manufacturing of a product and are a significant portion of the product's cost.

Selling and Administrative Expenses

Costs related to selling a product and managing a business, excluding direct production costs.