Refer to the Information Provided in Table 21

question 1

Multiple Choice

Refer to the information provided in Table 21.3 below to answer the questions that follow.
Table 21.3
The data in the table was used to estimate the following consumption function: C = 20 + 0.2Y.
-Refer to Table 21.3. The error for point E is equal to

• A) -2.
• B) 0.
• C) +1.
• D) +3.

---

Definitions:

Materials Requisition

The form or electronic transmission used by a manufacturing department to authorize materials issuances from the storeroom.

Materials Ledger

The subsidiary ledger containing the individual accounts for each type of material.

Time Ticket

A record or document that tracks the amount of time an employee spends on various tasks or jobs, often used for billing and payroll.

Job Cost Sheet

A document that records the materials, labor, and manufacturing overhead costs assigned to each individual job or project.