In SAP ERP, a plant must have at least one storage location

Q: Arranging for a shipment of a number of different products to a customer is an example of an…

A: ABC method:ABC method is activity based cost accounting. It's the new method of accounting where the…

Q: Explain common principles and limitations of internalcontrol.

A: Internal Control is a concept which ensures management to to safeguard its assets. Internet control…

Q: :Changing the design of the product is an example of A product level activity a O A batch level…

A: Product-level activities are the activities that are related to a specific product or activity.…

Q: how to get value of activity rate and total activity for machine setup and inspection? Please give…

A: Activity rate is the per unit or per activity rate of something. The total activity is the total…

Q: Explain the Diamond model of delegated monitoring

A: The Diamond model is referred to as the model which describes the competitive advantage of the…

Q: Name the major subsystems of the conversion cycle.

A:

Q: An explanation of the overall operations of a fulfilment centre?

A: A fulfilment center is a third-party service provider who processes and sends items ordered by your…

Q: Define each of the following terms: f. Just-in-time system; outsourcing

A: Answer: Just-in-time system: This is the method for managing inventories. It was developed by…

Q: What approaches might be used to decide the sequence in which to allocate support departments when…

A: Different approaches can be used to decide the sequence to allocate support department while using…

Q: Describe the Scatterplot Method

A: The objective of the question is to understand the Scatterplot method, which is a graphical…

Q: explain the requirements for segment reporting, and calculate and interpret segmentratios;

A: Definition: Segment reporting: Segment reporting refers to the process of preparing accounting…

Q: two methods of recording prepayments

A: Prepayments are the advance amount paid for expenses to be incurred.

Q: In your words, take about the Master Scheduling

A: Master production schedule refers to the plan for the production of a good at a time period. It…

Q: Define single-project evaluation,

A: SOLUTION:- Single Project Evaluation is the systematic and objective study of the single ongoing or…

Q: Briefly describe the guidelines for recognizing revenue from the sale of software and other…

A:

Q: Explain the following terms.(a) LIFO layer.(b) LIFO reserve.(c) LIFO effect

A: (a) LIFO Layer: LIFO Layer refers to a portion of cost in an inventory costing system that follows…

Q: of Quality Function Deployment.

A: Given: To evaluate an example of QFD as,

Q: utilizes a computer system to estimate production needs so that required resources are available…

A: Answer - 1. Correct Option is A - Flexible.  A flexible manufacturing system is a highly automated…

Q: In your own words, explain exempt supplies for VAT purposes and provide three examples of exempt…

A: Exempt supplies   Exempt supplies are  supplies of those goods or services on which VAT is not…

Q: Describe the two-tier client-server model.

A:

Q: Explain how come a replacement algorithm is needed for a four-way set-associative cache system.

A: Solution- The replacement algorithms that are used in the case of a set-associative cache system…

Q: If all of the inputs have been validated before processing, then what purpose do run-to-run controls…

A: The run to run controls is a control device to ensure that no records are lost, unprocessed or…

Q: Indirect material is classified on the basis

A: Indirect Material – materials used in production process insignificant in nature for the finished…

Q: Why are denormalized tables used in data ware-houses?

A: Data Warehouse:   Data warehouse is also termed as enterprise data warehouse. It can be defined as…

Q: What is important for a MACRS to consider at the time of disposal?

A: MACRS stands for Modified Accelerated Cost Recovery System. These are the regulations of…

Q: Define two-bin method

A: Inventory: Inventory refers to the stock of goods purchased, utilized and maintained by the company…

Q: Write down the characteristics that defines operating segments.

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

Q: How are run charts useful in process control?

A: A run chart is a graph of data that is plotted over time. For a particular process if you collect…

Q: What is the purpose for a Control Environment assessment?

A: Control environment: Control environment is one of the components of internal control over…

Q: Should NSP have processed each of the products further? What effect does the allocation method have…

A: Sales value at split off method:   Sales value at split off method allocates joint cost to each…

Q: Activity drivers can be classified as either or_. - Select one: O a. good; bad O b. right; wrong O…

A: An activity driver refers to the factor that influences the cost of an operation. Activity drivers…

Q: Blocked suction cylinder unloading is accomplished by

A: Blocked suction cylinder unloading is accomplished by

Q: My follow up question is: Which method is better (plantwide rate method or department rate method)?

A: Plantwide rate method and department rate methods are two ways for allocating overhead costs. Under…