Unit sales for new product ABC have varied in the first seven months of this year as follows: Month Jan Feb Mar Apr MayJun Jul Unit Sales 401 385 291 317 330 281 274 What is the (sample) skewness of the data? Please round your answer tothe nearest hundredth.

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Answered: Unit sales for new product ABC have…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Would the quarter total for desired ending inventory be 16,800 or the total of all 3 months? The same question for begining inventory, would it be 42,000 or 21,000?
INFORMATION: Brait Limited produces a single product and forecasted the following for the first three months of the year: January March February 2 400 Sales (units) 2 200 2 600 The company's policy is to maintain closing inventory at a level of 50% of the following months forecasted sales. Material and labour requirements are as follows: Material 2 kg per unit @ R60 per kg Labour 3 hours per unit Material inventory levels were as follows: December 1 100 Closing inventory (kg) January 1 250 REQUIRED: The total material purchase cost for January is: A. R276 000 B. R408 000 C... 8285 000 February 1 400 March 1 300
3-a. Compute the break-even point in dollar sales for April.
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High-low, regression. May Blackwell is the new manager of the materials storeroom for Clayton Manufacturing. May has been asked to estimate future monthly purchase costs for part #696, used in two of Clayton’s products. May has purchase cost and quantity data for the past 9 months as follows:

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Unit sales for new product ABC have varied in the first seven months of this year as follows: Month Jan Feb Mar Apr May Jun Jul Unit Sales 401 385 291 317 330 281 274 What is the (sample) skewness of the data? Please round your answer to the nearest hundredth.