Homework Answers
Part 1)Option C------Operational Control Information System
Major Subsystem of Cost Accounting Information System is Operational Control Information System
Part 2)Option A------Cost Accounting Information System
Cost Accounting Information System is a Cost management Subsystem designed to assign costs to individual products and services ad other objects.
Part 3)Option A------Output
Delivered muffins to bakeries would be output
Part 4)Option A----- Provide information to users
Overall objective of accounting information systems is to provide information to users
Add Answer to:
Which of the following is a major subsystem of the cost accounting information system? Oa. ERP...
Given the following graphs, which graph represents fixed costs 9. 10. Vett 11. 1 2 3...
Given the following graphs, which graph represents fixed costs 9. 10. Vett 11. 1 2 3 III 12. II 13. Oa! Ob. 11 c. III 14. Od. None of these choices are correct. 15. N 16. 17 18 19. 20 21 22 Progress: 17/37 items Calculator The accounting information subsystem that is primarily concerned with producing outputs for external users is called: Oa. cost management information system Ob.computer system Oc. financial accounting information system Od. internal accounting system 7 engagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession...
9 Wheeling Company produces and sells bikes. It expects to sell 22,000 bikes in the month...
9 Wheeling Company produces and sells bikes. It expects to sell 22,000 bikes in the month of April. It had 1,200 bikes in Finished Goods Inventory at the end of March. Wheeling Company would like to complete operations in the month of April with at least 1,500 completed bikes in inventory. The bikes sell for $100 each. How many bikes would Wheeling need to produce in April? a. 19,700 bikes c. 18,800 bikes b. 22,300 bikes d. 20,300 bikes 13)...
Which of the following items is an advantage of an ERP (Enterprise Resource Planning) System?
Question 1Which of the following items is an advantage of an ERP (Enterprise Resource Planning) System? Software is affordable Lack of complexity Regulatory compliance Low cost of implementation and maintenance Question 2 With multiple frameworks available that include data governance, what feature of the Control Objectives for Information and Related Technologies (COBIT) make it a good fit for organizations primarily interested in establishing links between business and IT goals for data management? Of all frameworks, COBIT is the most current. The only framework that focuses on IT. COBIT primarily...
The implementation of a cost accounting system in an organization would be considerable. Determine what benefit...
The implementation of a cost accounting system in an organization would be considerable. Determine what benefit in providing accounting information which will be useful for management purposes, and which will be instrumental in creating a more profitable and healthy company in the longer term. Briefly describe the major differences between management accounting and financial accounting for the following: Is financial accounting or management accounting more useful to an operations manager? Why? Primary users Focus and emphasis Rules of measurement and...
Forever uses the p a rty system OA Sales Revenue Cost of Goods Sold Sales Revenue...
Forever uses the p a rty system OA Sales Revenue Cost of Goods Sold Sales Revenue OC. Sales Revenue Account Rece ODA Sales Revenge Refer to the following trial balance Credit Accounts Receivable Merchandise Inventory Supplies Debit $15.000 41000 61.000 18.000 330,000 Accounts Payable Notes Payable Common Stock Retained Earnings Dividends 315.000 22.000 3.000 3.000 A3245.000 OB. 599.000 C5107 000 OD S102.000 Cick to select your answer 25,000 315.000 22,000 3,000 455.000 Notes Payable Common Stock Retained Earnings Dividends Sales...
Hi need help with this question please. Which of the following statements best describes accounting? a)...
Hi need help with this question please.
Which of the following statements best describes accounting? a) An information system in which transactions with the company are accurately reported. b) An information system in which the underlying economic conditions of the organization are recorded, summarized, and reported. c) The reports management prepare for use in making decisions related to the financing, investing, and operating activities of a company. d) The reports that management prepares for the owners of the company summarizing...
15) Accounting is an information and measurement system that does all of the following except: A)...
15) Accounting is an information and measurement system that does all of the following except: A) Identifies business activities. B) Records business activities. C) Communicates business activities. D) Eliminates the need for interpreting financial data. E) Helps people make better decisions. 16) External users of accounting information include all of the following except: A) Shareholders. B) Customers. C) Purchasing managers. D) Government regulators. E) Creditors. 17) A corporation is: A) A business legally separate from its owners. B) Controlled by...
68. Data extracted from the accounting information system of Turner Corporation produced the following graph. The...
68. Data extracted from the accounting information system of Turner Corporation produced the following graph. The equation of the dashed line is y $25x; the equation of the solid line is y $200 $5x. 600 $500 400 $300 200 $100 The solid line represents: a) Total variable costs b) Total fixed costs c) Total costs d) Total revenues Answer: C Difficulty: Easy Learning Objective: Apply CVP calculations for a single CPA: Management Accounting 69. Data extracted from the accounting information...
Competency Design the steps to justify an information system initiative. Scenario Information BeGood Baking Supply is...
Competency Design the steps to justify an information system initiative. Scenario Information BeGood Baking Supply is a small bakery supply company formed as a closely held corporation. The company supplies raw baking materials, paper goods, and equipment to restaurants and bakeries in three states in the upper mid-west. Most of its business, however, is located in a large metropolitan area. BeGood wants to increase its presence in the region and serve five states. In fact, the owners of BeGood would...
Consider the following actions associated with a cost management information system: a. Eliminating a non-value-added activity...
Consider the following actions associated with a cost management information system: a. Eliminating a non-value-added activity b. Determining how much it costs to perform a heart transplant c. Calculating the cost of inspecting components from an outside supplier d. Developing and using a budgeted income statement for a division e. Eliminating the need to inspect by improving the quality of products and processes f. Determining whether selling a product at split-off is more profitable than processing itfurther before selling it...
Given the following graphs, which graph represents fixed costs 9. 10. Vett 11. 1 2 3 III 12. II 13. Oa! Ob. 11 c. III 14. Od. None of these choices are correct. 15. N 16. 17 18 19. 20 21 22 Progress: 17/37 items Calculator The accounting information subsystem that is primarily concerned with producing outputs for external users is called: Oa. cost management information system Ob.computer system Oc. financial accounting information system Od. internal accounting system 7 engagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession...
Forever uses the p a rty system OA Sales Revenue Cost of Goods Sold Sales Revenue OC. Sales Revenue Account Rece ODA Sales Revenge Refer to the following trial balance Credit Accounts Receivable Merchandise Inventory Supplies Debit $15.000 41000 61.000 18.000 330,000 Accounts Payable Notes Payable Common Stock Retained Earnings Dividends 315.000 22.000 3.000 3.000 A3245.000 OB. 599.000 C5107 000 OD S102.000 Cick to select your answer 25,000 315.000 22,000 3,000 455.000 Notes Payable Common Stock Retained Earnings Dividends Sales...
Hi need help with this question please.
Which of the following statements best describes accounting? a) An information system in which transactions with the company are accurately reported. b) An information system in which the underlying economic conditions of the organization are recorded, summarized, and reported. c) The reports management prepare for use in making decisions related to the financing, investing, and operating activities of a company. d) The reports that management prepares for the owners of the company summarizing...
15) Accounting is an information and measurement system that does all of the following except: A) Identifies business activities. B) Records business activities. C) Communicates business activities. D) Eliminates the need for interpreting financial data. E) Helps people make better decisions. 16) External users of accounting information include all of the following except: A) Shareholders. B) Customers. C) Purchasing managers. D) Government regulators. E) Creditors. 17) A corporation is: A) A business legally separate from its owners. B) Controlled by...
68. Data extracted from the accounting information system of Turner Corporation produced the following graph. The equation of the dashed line is y $25x; the equation of the solid line is y $200 $5x. 600 $500 400 $300 200 $100 The solid line represents: a) Total variable costs b) Total fixed costs c) Total costs d) Total revenues Answer: C Difficulty: Easy Learning Objective: Apply CVP calculations for a single CPA: Management Accounting 69. Data extracted from the accounting information...
Consider the following actions associated with a cost management information system: a. Eliminating a non-value-added activity b. Determining how much it costs to perform a heart transplant c. Calculating the cost of inspecting components from an outside supplier d. Developing and using a budgeted income statement for a division e. Eliminating the need to inspect by improving the quality of products and processes f. Determining whether selling a product at split-off is more profitable than processing itfurther before selling it...
Most questions answered within 3 hours.
-
D. A student completed 20 courses in the School of Arts and
Sciences. Her grades in...
asked 1 hour ago -
teo
pucks moving on a frictionless air table are about to collide. the
1.5 kg puck...
asked 1 hour ago -
Problem #1
The area between Z = 0 and Z = 2.50
The area between Z...
asked 2 hours ago -
1. What is the meaning of the term communication style?
2. What are the benefits to...
asked 2 hours ago -
9.) You are buying a car that cost $26,500. You make payments of
$412 each month...
asked 2 hours ago -
. Suppose a discrete random variable has probability
distribution
P(x) = .2 if x = 0...
asked 3 hours ago -
Under the influence of its drive force, a snowmobile is moving
at a constant velocity along...
asked 4 hours ago -
Why do organizations decline? What steps can top
management take to halt, decline, and restore organizational...
asked 4 hours ago -
What mechanisms Drive speciation??
(I.e. what was Dawins theory on the orgin of species, and how...
asked 5 hours ago -
The manager at a car assembly plant believes that the mean
assembly time for a car...
asked 6 hours ago -
Which of the following is true of electron capture?
A) It decreases the nuclide's mass number...
asked 8 hours ago -
Assuming an efficiency of 43.10%, calculate the actual yield of
magnesium nitrate formed from 114.9 g...
asked 8 hours ago