Part III - problem solving - Total 3 questions and each having 10 marks (Total marks 30) 1. Gulf Restaurant forecasts weekly sales of burgers, Based on historical observations over the past five weeks, make a forecast for the next period using the following methods: simple average, three-period moving average, exponential smoothing with alpha = 0.3, given a forecast of 328 burgers for the fifth week. Historical observations over the past five weeks Burger Burger Week Sales Sales Forecast 352 343 3 365 4 312 5 355 1 2 328 2. This question has 2 parts, each having s marks 1. A perfume manufacturing company is introducing a new perfume. The perfume factory pays a monthly rent of $4,000. Variable costs would be $5 per perfume, and perfume bottle retail price is $13 each. Using the equation Q-FC/(R-V), find out how many perfume bottles must be sold in order to break even? II. In a textile mill actual output is 62 hours, design capacity is 150 hours, and the effective capacity is 120 hours. What is the utilization rate of textile mill? 3. This question has 2 parts, each having 5 marks 1. You have added a new line of product which requires leasing for a monthly payment of $4,000. Variable costs would be $2 per unit, and retail price for $6 each. What would be the profit/loss if goo units are made and sold in a month? (Hint: P = Q(R-V) - FC II. Find the design capacity when utilization rate = 90% and actual output = 45 trucks per day