Because of Ease of Use and Simplicity,exponential Smoothing Is Preferred

question 79

True/False

Because of ease of use and simplicity,exponential smoothing is preferred over smoothing average.

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Definitions:

Immaterial Variances

Small or insignificant differences between budgeted and actual figures that are not considered important enough to analyze in detail.

Fixed Overhead Variance

The difference between actual fixed overhead costs and the expected (or budgeted) fixed overhead costs.

Volume Variance

A financial term that represents the difference between the expected (budgeted) volume of production or sales and the actual volume achieved.

Spending Variance

The difference between the budgeted or planned amount of expense and the actual amount spent.