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Mail S. Kellogg

- simple moving average
- exponential smoothing
- double exponential smoothing
~~Holt-Winters seasonal adjustment~~

Given a set of data, be able to calculate a sales forecast for the next 2-3 time periods using

Given a set of data, be able to utilize appropriate models by which to build a 1-3 step ahead forecast.

Given a sales forecast, be able to compute a Sales Budget including expected cash collections for the forecast period.

Given a sales forecast, and a desired ending inventory policy, be able to compute the production budget.

Given a production budget, be able to compute a Materials Budget and / or a Direct Labor Budget.

Given budgeted and actual revenues and expenses, calculate budget variances and be able to comment on the operational health of the plant.

Given a set of factory overhead and direct labor hours, be able to use
~~regression or~~ the high / low method to calculate the fixed and variable factory
overhead rate.

Given material purchases, direct labor hours utilized, and overhead rates be able to prepare a job costing budget.

Given material purchases, factory overhead, and conversion factors, be able to prepare a process costing budget.