Roofe Inc Has Provided the Following Data for the Month of of October

question 19

Multiple Choice

Roofe Inc. has provided the following data for the month of October. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Manufacturing overhead for the month was underapplied by $2,000.
The company allocates any underapplied or overapplied overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts.
-The cost of goods sold for October after allocation of any underapplied or overapplied overhead for the month is closest to:

• A) $241,320
• B) $237,960
• C) $241,640
• D) $237,640

Understand the basic forecasting methods and their appropriate contexts of application.

Identify and calculate different forecasting accuracy measures such as root mean square error, mean absolute deviation, and mean absolute percentage error.

Distinguish between different types of time series patterns such as trend, seasonal, and cyclical effects.

Utilize historical data to make future sales forecasts using methods like moving average models and exponential smoothing.

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