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DI Question 23 4 pts Which of the following is the least useful sales forecasting model to use when sales are increasing? O Simple moving average O Simple average O Naive O Weighted moving average D Question 24 4 pts Student tultion at Eagle University is $500 per semester credit hour. The state supplements school revenue by matching student tuition dollar for dollar. Average class size for a typical three-credit course is 50 students. Labor costs are $7,500 per class, materials costs are $50 per student, and overhead costs are $30,000 per class. What is the multifactor productivity ratio for this course? 0.5 ONone of the above 2.50 DI Question 25 4 pts

Answer 1

Question 23. Simple moving average

Simple moving average gives the lowest value of all the methods. Therefore, it is the least useful method when sales are increasing.

Question 24. 3.75

Output = $ 500 * 50 students * 3 credit course * 2 (this is multiplied with 2, to account for state support)

= 500*50*3*2

= $ 150,000

Total Input cost = 7500+50*50+30000 = $ 40,000

Multifactor productivity = Output / Input cost

= 150000/40000

= 3.75