Consider the Following Graph of Sales

question 51

Multiple Choice

Consider the following graph of sales. Which of the following characteristics is exhibited by the data?

• A) trend only
• B) trend plus seasonal
• C) trend plus random
• D) none of the above

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Definitions:

Direct Labor-Hours

A measure of the total hours of work directly involved in manufacturing goods or providing services.

Predetermined Overhead Rate

This is a calculated figure used to allocate manufacturing overhead costs to products based on a relevant activity such as machine hours or labor hours, set before the accounting period starts.

Direct Materials

Materials directly linked to the creation of certain products or services.

T-Accounts

A visual representation of accounts used in double-entry bookkeeping, showing debits on the left side and credits on the right.