Which of the Following Is Not a Step in the Forecasting

question 39

Multiple Choice

Which of the following is not a step in the forecasting process?

• A) Determine the use of the forecast.
• B) Eliminate any assumptions.
• C) Determine the time horizon.
• D) Select forecasting model.
• E) Validate and implement the results.

---

Definitions:

Direct Materials Dollars

The total cost of all the raw materials used in the production of a product.

Factory Overhead Rate

Factory overhead rate is the method of allocating indirect manufacturing costs, like utilities and rent, to individual units of production based on a specific allocation base.

Assembly Department

a division within a manufacturing plant where components are put together to create a final product.

Direct Labor Hour

The amount of time employees directly involved in manufacturing spend on producing a specific unit of output.