Complete Question:
Fed up with her working conditions at the call center, Lisa decides to invest in a state-of-the-art sewing machine and produce limited quantities of her own clothing designs. After a few months of operation, she decides to apply some of the forecasting techniques she mastered in school. Which of these statements about her forecasts is correct?
- Her forecasts will probably be 100% accurate.
- Her demand forecasts for a year from now will probably be more accurate than her demand forecasts for three months from now.
- Her demand forecasts for each style of skirt will be less accurate than her demand forecasts for all skirts.
- The best way for her to determine the amount of fabric she needs is to forecast it based on her customer orders for each type of skirt.
Answer:
Option 4 is the correct answer
Explanation:
Because the only best way to forecast the amount of fabric required for the is dependent upon the number of customer orders for each type of skirt she receives.
Remember that the forecasting cannot be 100% correct because we human and we cannot tell the future with 100% surety. All we can do is guessing what would happen.
With the help of past data we can better estimate the demand. As their is no past data available we can make a reliable forecast of the skirt sales.
Option 3 is also incorrect because forecasting is dependant upon the reliable source of information which helps in estimating what would happen. Estimating single or combined sales is not a reliable source of information.
<span>When your ability to divide your attention is impaired the chances of being involved in a collision increase. A BAL as low as <u>0.02</u> has been shown to affect divided attention while driving.
BAL stands for Blood Alcohol Concentration Level. As the BAL increases, so does the level of impairment. The nearer the BAL is to 1, the more probable it is to meet an accident while driving. Thus, it is better to either ride a cab in going home or sleep in a safe place until the alcohol leaves the bloodstream.</span>
Option C wearing straw hats become popular
Answer:
The correct answer is B.
Explanation:
Giving the following information:
James Inc.'s flexible budget for June, based upon actual output, called for the use of 10,500 pounds of materials at a standard cost of $7.40 per pound. The Production Department used 10,700 pounds of materials costing $7.10 per pound during June.
To calculate the direct materials price variance, we need to use the following formula:
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (7.4 - 7.10)*10,700= $3,210 favorable
