Demands for a Newly Developed Salad Bar at the Great

question 124

Multiple Choice

Demands for a newly developed salad bar at the Great Professional restaurant for the first six months of this year are shown in the following table.What is the forecast for July if the 3-month weighted moving-average method is used? (Use weights of 0.5 for the most recent demand,0.3,and 0.2 for the oldest demand. )

• A)fewer than or equal to 432 units
• B)greater than 432 units but fewer than or equal to 442 units
• C)greater than 442 units but fewer than or equal to 452 units
• D)greater than 452

Analyze the implications of cost allocation for internal management and reporting.

Calculate earnings and analyze financial performance based on different billing and pricing strategies.

Understand the role and importance of direct labor and machine time in product cost calculation.

Comprehend the theoretical concepts behind cost allocation, including insulating versus noninsulating allocations.

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Definitions:

Volume Of Activity

A measure of the quantity of work performed or production completed, often influencing costs and revenues in businesses.

Policies And Procedures

Systematic guidelines set by an organization to direct and align its activities and decisions in a consistent manner.

Fixed Cost

Expenses that do not change with the level of production or sales over the short term, such as rent or salaries.

Model

A simplified representation, often mathematical, of a system or process used to analyze behavior, make predictions, or inform decision-making.