Suppose that over the last five years, a company has had the following data for...
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Accounting
- Suppose that over the last five years, a company has had the following data for units produced and quantity of direct materials (DMs) used (in gallons):
- Year 1 11,658 units 27,746 gallons
- Year 2 12,208 units 29,910 gallons
- Year 3 12,420 units 28,690 gallons
- Year 4 12,899 units 30,184 gallons
- Year 5 12,718 units 29,633 gallons
- Year 1 11,658 units 27,746 gallons
- Year 2 12,208 units 29,910 gallons
- Year 3 12,420 units 28,690 gallons
- Year 4 12,899 units 30,184 gallons
- Year 5 12,718 units 29,633 gallons
Based on this data, what might be an appropriatestandardto use for DMs quantity?
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