Question
The management accountant at Company A has determined that the trend equation of utilities cost against time is: y = 5,000 + 8 x
The management accountant at Company A has determined that the trend equation of utilities cost against time is: y = 5,000 + 8 x where x denotes the quarter (x increases by one for each new quarter) and y is cost. The average seasonal variations in demand are shown below: In quarter 1 the cost was as forecast, at $6,350 Q1 Q2 Average SV 25% higher 5% lower What is the predicted cost in Q4 to the nearest $? O $5,104 $5,588 $5,614 $6,374 Q3 30% lower Q4 10% higher
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