A Restaurant Has Been Experiencing Higher Sales During the Weekends

question 1

Multiple Choice

A restaurant has been experiencing higher sales during the weekends, compared to the weekdays. Daily restaurant sales patterns for this restaurant over a week are an example of a(n) ________ component of a time series.

• A) trend
• B) seasonal
• C) cyclical
• D) irregular

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Definitions:

Machine Hours

A measure of the time machines are in operation, used to allocate machine-related expenses to production activities.

Finishing Department

The section within a manufacturing process where products are completed, polished, or packaged.

Direct Labor Hours

The total time workers spend producing a product or service, directly associated with its manufacture.

Plantwide Overhead Rate

A single overhead absorption rate used throughout a manufacturing plant for allocating overhead costs to products.