Moving Average – NBC Institute

QTB – May 2017 – L1 – SA – Q18 – Statistics

This question calculates the centered moving average for a specific year in a time series of cocoa production.

Question

A ten-year record of cocoa production in a certain farm is tabulated as follows:

Year	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012
Production (tonnes)	42	52	41	48	64	67	77	66	73	89

Based on a 4-year moving total, the centered moving average for the year 2007 is:
A. 79.5
B. 69.5
C. 59.5
D. 49.5
E. 39.5

Answer

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Tags: Business Statistics, Moving Average, Time series
Level: Level 1

Topic: Statistics
Series: MAY 2017

QTB – Nov 2015 – L1 – SA – Q13 – Statistics

This question asks for the calculation of the 3-day moving average for a given data set.

Question

he table below shows the quantity of newspapers sold daily in a week by a vendor:

Days of the Week	Monday	Tuesday	Wednesday	Thursday	Friday	Saturday	Sunday
Quantity Sold	550	450	500	370	420	620	490

The 3-day moving average corresponding to Friday is:

A. 400
B. 430
C. 470
D. 550
E. 570

Answer

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Tags: Forecasting, Moving Average, Sales
Level: Level 1

Topic: Statistics
Series: NOV 2015

IMAC – MAY 2020 – L1 – Q5 – Forecasting | Standard Costing and Variance Analysis

Calculate sales trend using moving average and line of best fit; identify sources of information for standard prices.

Question

a) The monthly sales of Danamo Company Limited have been given as follows:

Monthly Sales (GH¢’000)	Moving Total (GH¢’000)
April	150
May	140
June	160
July	180
August	200
September	190
October	220
November	230
December	250

Required:
i) Using the three-month moving average, calculate the trend. (3 marks)

ii) Using the line of best fit, estimate the sales of January, February, and March of the following year. (12 marks)

b) State and explain FIVE (5) sources of information that may be considered in setting standard prices for materials in Management Accounting. (5 marks)

Answer

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Tags: Forecasting, Moving Average, Standard Prices, Trend Analysis
Level: Level 1

Topic: Forecasting, Standard Costing and Variance Analysis
Series: MAY 2020

IMAC – NOV 2019 – L1 – Q5 – Standard Costing and Variance Analysis

Calculate seasonal variation using moving averages and explain uses of standard costing.

Question

Question:
FB Logistics has been clearing containers from the port of Tema over the past seven years. Management is aware that the business has been facing seasonal fluctuations but there is no scientific basis for the determination of such variations that can be used to predict future revenue.

As a newly engaged Cost Accountant, you have been provided with some past quarterly performance over a three-year period. Details of the performance are shown below:

Year	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter
1	120	140	160	180
2	180	160	185	210
3	150	200	230	220

Required:
Using quarterly moving average, calculate the seasonal variation for the company. (15 marks)

b) Standards as used in performance measurement are norms or benchmarks set for comparison purposes in performance evaluation.

Required:
Explain FIVE (5) uses of standard costing. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Forecasting, Moving Average, Seasonal Variation, Standard Costing
Level: Level 1

Topic: Standard Costing and Variance Analysis

QTB – May 2017 – L1 – SA – Q18 – Statistics

This question calculates the centered moving average for a specific year in a time series of cocoa production.

Question

A ten-year record of cocoa production in a certain farm is tabulated as follows:

Year	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012
Production (tonnes)	42	52	41	48	64	67	77	66	73	89

Based on a 4-year moving total, the centered moving average for the year 2007 is:
A. 79.5
B. 69.5
C. 59.5
D. 49.5
E. 39.5

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Statistics, Moving Average, Time series
Level: Level 1

Topic: Statistics
Series: MAY 2017

QTB – Nov 2015 – L1 – SA – Q13 – Statistics

This question asks for the calculation of the 3-day moving average for a given data set.

Question

he table below shows the quantity of newspapers sold daily in a week by a vendor:

Days of the Week	Monday	Tuesday	Wednesday	Thursday	Friday	Saturday	Sunday
Quantity Sold	550	450	500	370	420	620	490

The 3-day moving average corresponding to Friday is:

A. 400
B. 430
C. 470
D. 550
E. 570

Answer

Find Related Questions by Tags, levels, etc.

Tags: Forecasting, Moving Average, Sales
Level: Level 1

Topic: Statistics
Series: NOV 2015

IMAC – MAY 2020 – L1 – Q5 – Forecasting | Standard Costing and Variance Analysis

Calculate sales trend using moving average and line of best fit; identify sources of information for standard prices.

Question

a) The monthly sales of Danamo Company Limited have been given as follows:

Monthly Sales (GH¢’000)	Moving Total (GH¢’000)
April	150
May	140
June	160
July	180
August	200
September	190
October	220
November	230
December	250

Required:
i) Using the three-month moving average, calculate the trend. (3 marks)

ii) Using the line of best fit, estimate the sales of January, February, and March of the following year. (12 marks)

b) State and explain FIVE (5) sources of information that may be considered in setting standard prices for materials in Management Accounting. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Forecasting, Moving Average, Standard Prices, Trend Analysis
Level: Level 1

Topic: Forecasting, Standard Costing and Variance Analysis
Series: MAY 2020

IMAC – NOV 2019 – L1 – Q5 – Standard Costing and Variance Analysis

Calculate seasonal variation using moving averages and explain uses of standard costing.

Question

As a newly engaged Cost Accountant, you have been provided with some past quarterly performance over a three-year period. Details of the performance are shown below:

Year	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter
1	120	140	160	180
2	180	160	185	210
3	150	200	230	220

Required:
Using quarterly moving average, calculate the seasonal variation for the company. (15 marks)

b) Standards as used in performance measurement are norms or benchmarks set for comparison purposes in performance evaluation.

Required:
Explain FIVE (5) uses of standard costing. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Forecasting, Moving Average, Seasonal Variation, Standard Costing
Level: Level 1

Topic: Standard Costing and Variance Analysis

Question Tag: Moving Average

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QTB – May 2017 – L1 – SA – Q18 – Statistics

This question calculates the centered moving average for a specific year in a time series of cocoa production.

QTB – Nov 2015 – L1 – SA – Q13 – Statistics

This question asks for the calculation of the 3-day moving average for a given data set.

IMAC – MAY 2020 – L1 – Q5 – Forecasting | Standard Costing and Variance Analysis

Calculate sales trend using moving average and line of best fit; identify sources of information for standard prices.

IMAC – NOV 2019 – L1 – Q5 – Standard Costing and Variance Analysis

Calculate seasonal variation using moving averages and explain uses of standard costing.

QTB – May 2017 – L1 – SA – Q18 – Statistics

This question calculates the centered moving average for a specific year in a time series of cocoa production.

QTB – Nov 2015 – L1 – SA – Q13 – Statistics

This question asks for the calculation of the 3-day moving average for a given data set.

IMAC – MAY 2020 – L1 – Q5 – Forecasting | Standard Costing and Variance Analysis

Calculate sales trend using moving average and line of best fit; identify sources of information for standard prices.

IMAC – NOV 2019 – L1 – Q5 – Standard Costing and Variance Analysis

Calculate seasonal variation using moving averages and explain uses of standard costing.

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QTB – May 2017 – L1 – SA – Q18 – Statistics

This question calculates the centered moving average for a specific year in a time series of cocoa production.

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QTB – Nov 2015 – L1 – SA – Q13 – Statistics

This question asks for the calculation of the 3-day moving average for a given data set.

You're reporting an error for "QTB – Nov 2015 – L1 – SA – Q13 – Statistics"

IMAC – MAY 2020 – L1 – Q5 – Forecasting | Standard Costing and Variance Analysis

Calculate sales trend using moving average and line of best fit; identify sources of information for standard prices.

You're reporting an error for "IMAC – MAY 2020 – L1 – Q5 – Forecasting | Standard Costing and Variance Analysis"

IMAC – NOV 2019 – L1 – Q5 – Standard Costing and Variance Analysis

Calculate seasonal variation using moving averages and explain uses of standard costing.

You're reporting an error for "IMAC – NOV 2019 – L1 – Q5 – Standard Costing and Variance Analysis"

QTB – May 2017 – L1 – SA – Q18 – Statistics

This question calculates the centered moving average for a specific year in a time series of cocoa production.

You're reporting an error for "QTB – May 2017 – L1 – SA – Q18 – Statistics"

QTB – Nov 2015 – L1 – SA – Q13 – Statistics

This question asks for the calculation of the 3-day moving average for a given data set.

You're reporting an error for "QTB – Nov 2015 – L1 – SA – Q13 – Statistics"

IMAC – MAY 2020 – L1 – Q5 – Forecasting | Standard Costing and Variance Analysis

Calculate sales trend using moving average and line of best fit; identify sources of information for standard prices.

You're reporting an error for "IMAC – MAY 2020 – L1 – Q5 – Forecasting | Standard Costing and Variance Analysis"

IMAC – NOV 2019 – L1 – Q5 – Standard Costing and Variance Analysis

Calculate seasonal variation using moving averages and explain uses of standard costing.

You're reporting an error for "IMAC – NOV 2019 – L1 – Q5 – Standard Costing and Variance Analysis"

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