It is <u>FALSE</u> that the expected level (value) of the forecasted quantity is the most important aspect of the forecast.
<h3>What is a forecast?</h3>
A forecast is an estimate of future trends using predictions of past and present data. A forecast assumes future repeatable patterns. However, a good forecast is:
- Cost-effective
- Accurate
- Meaningful.
Thus, since the actual values will always differ from forecasted values, the most important aspect of the forecast is not the expected value.
Learn more about forecasts at brainly.com/question/26143214
the linear stages of growth model, theories and patterns of structural change, the international dependency revolution, and the neoclassical theories. The term economic development is a term that economists, politicians, and others have used frequently.
Answer:
Total costs = $4,850.
Please refer to the attached for the answered table.
Steady/fixed Production planning with the objective of saving on overtime and subcontract costs is a form of aggregate planning that organizations pursue in managing its total costs of production.
As a result of this model of planning, we will have inventory on hand in some periods and we will run partially or completely out of stock in others. But because the production unit is aware of their production targets , overtime will be zero and there will be no need for subcontracting.
However delayed order fulfillment will be made up for at additional costs as in the example we are solving. This provisions must be made for such eventualities.
Answer:
d. maria would not have to pay anything.
Explanation:
In this scenario Maria did not form a contract with the man to cut her lawn and had not even met him before. So there is no contract formed voluntarily, neither is it an implied contract.
Maria was enriched in this process because she will benefit from the cutting of the lawn. She was however not unjustly enriched because the man was not unduly influenced to carry out the task.
Maria can however pay the man after the fact at her discretion.
Answer:
False
Explanation:
It is 'Incremental cost allocation method' that ranks the individual users of a cost object in order of users most responsible for a common cost (the most responsible will be primary user) and then uses these rankings to allocate the costs among the users (incremental users).
Stand-alone cost allocation method allocates cost proportionately among all users based on a basis which relates to each users proportion of the total. For example the basis could be proportion of sales of responsibility centers to total sales of organization.