Question

Essay Answer each question in the booklet provided. (20 points) 46. Categorize each of the following activities into the expenditure, conversion, or revenue cycles and identify the applicable subsystem. Activity (a) is completed to provide an example of an appropriate answer.(5 points) a. Preparing the weekly payroll for manufacturing personnel. b. Releasing raw materials for use in the manufacturing cycle. c. Recording the receipt of payment for goods sold. d. Recording the order placed by a customer. e. Ordering raw materials. f. Determining the amount of raw materials to order. Use the following format for your answer. Item (a) Transaction Cycle Expenditure Cycle Subsystem Payroll

Answer 1

	Item	Transaction Cycle	Subsystem
A	Weekly Payroll for Manufacturing Personnel	Expenditure Cycle	Payroll
B	Raw Material in Manufacturing Cycle	Conversion Cycle	General Ledger
C	Receipt of Payment of Goods Sold	Conversion Cycle	Accounts Payable
D	Recording Order placed by Customer	Revenue Cycle	Account Receivable
E	Ordering Raw Materials	Conversion Cycle	Supply & Chain / Purchase Dept
F	Determine amounts of Raw Materials	Conversion Cycle	Supply & Chain / Purchase Dept