Answer:
The correct answer is option C.
Explanation:
Forecast is the prediction of future values of a time series.
Forecast in literal sense means prediction or estimate.
Forecast is based on the examination of a systematic data in time series, which reflects some past behavior and future predictions are made on the basis of that.
Time series can be described as the sequence of observations regarding a variable which is recorded over a certain time period.
Answer:
$500
Explanation:
2012 Income Statement
Revenue $2,000
<u>Expenses</u>
Wages incurred and paid $500
Salaries $400
Interest on bank loans <u>$600</u> <u>$1,500</u>
Net Income <u>$500 </u>
So, the amount of $500 will be shown as Net Income on the 2012 Income Statement.
Answer:
a. factory overhead cost
b. factory overhead cost
c. factory overhead cost
d. direct labor cost
e. direct materials cost
f. direct labor cost
g. factory overhead cost
h. direct materials cost
i. direct materials cost
j. factory overhead cost
Explanation:
Direct Material Costs and Direct Labor Costs are easily traceable to the cost object whilst its difficult to trace Factory Overhead Costs to the cost object.
