You Are Given The Following Budgeted And Actual Data For The Grey Company For Each J 2904034

You are given the following budgeted and actual data for the Grey Company for each January through June of the current year. In December of the prior year, sales were forecasted as follows: January, 100 units; February, March, 100 units; April, 110 units; May, 120 units; June, 125 units. In January of the current the months February through June were reforecasted as follows: February, 90 units; April, 105 units; May, 110 units; June, 120 units. In February of the current year, sales March through June were reforecasted as follows: March, 95 units; April, 105 units; May, 120 units. In March of the current year, sales for the months April through June were follows: April, 105 units; May, 100 units; June, 110 units. In April of the current year, sales May and June were reforecasted as follows: May, 90 units; June, 105 units. In May of sales for June were reforecasted as 105 units. Document Preview:

10-43: Rolling Financial Forecasts BackgroundYou are given the following budgeted and actual data for the Grey Company for each of the months January through June of the current year. In December of the prior year, sales were forecasted as follows: January, 100 units; February, 95 units; March, 100 units; April, 110 units; May, 120 units; June, 125 units. In January of the current year, sales for the months February through June were reforecasted as follows: February, 90 units; March, 100 units; April, 105 units; May, 110 units; June, 120 units. In February of the current year, sales for the months March through June were reforecasted as follows: March, 95 units; April, 105 units; May, 105 units; June, 120 units. In March of the current year, sales for the months April through June were reforecasted as follows: April, 105 units; May, 100 units; June, 110 units. In April of the current year, sales for the months May and June were reforecasted as follows: May, 90 units; June, 105 units. In May of the current year, sales for June were reforecasted as 105 units. Actual sales for the six month period were as follows: January, 98 units; February, 95 units; March, 92 units; April, 108 units; May, 98 units; June, 100 units. Data Forecast Sales (in Units)Forecast Month January February March AprilDecember 100 95 100 110January 90 100 105February 95 105March 105AprilMayActual Sales (in Units)January February March April98 95 92 108Required1. For each of the months January through June, inclusive, prepare a “rolling foreacast” of sales volume. (Hint: there will be only one forecasted number for January–the forecast done in December. For February, there will be two forecasts: one done in December, and a second one done in January. For June, there will be six forecasts, one done in each of the preceding six months. 2. For each of the months March through June, determine the three-month error rate, defined as 1 minus …

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