Which of the following is a purpose of standard costing?

	A.	Determine breakeven production level.
	B.	Improve performance by controlling costs.
	C.	Allocate cost with more accuracy.
	D.	Eliminate the need for subjective decisions by management.

Which of the followings is a major disadvantage of naive and moving average models?

	A.	These models are inexpensive to develop and operate.
	B.	The performance of these models is better than that of sophisticated models, such as regression methods.
	C.	Possible causal relationships that underlie the forecasted variable are not considered.
	D.	New information does not have to be updated on a rolling basis in these models.

A stock technical analyst uses smoothing methods to predict stock prices. The following table contains the monthly price information for General Mills.

Date	Price
1/30/2015	55.33
2/27/2015	52.48
3/31/2015	53.79
4/30/2015	56.60
5/29/2015	55.34
6/30/2015	56.15
7/31/2015	55.72
8/31/2015	58.21
9/30/2015	56.76
10/30/2015	56.13
11/30/2015	58.11
12/31/2015	57.66

What is the predicted share price for June 30, 2015 if this technical analyst uses a 5-month moving average method?

	A.	$54.71
	B.	$55.95
	C.	$54.87
	D.	$54.95