Accounting Information Systems
11th Edition
ISBN: 9781337552127
Author: Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher: Cengage Learning
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Question
Chapter 15, Problem 4P
a)
Summary Introduction
To show: The
Introduction:
b)
Summary Introduction
To draw: The context diagram for the system when the raw materials inventory and finished goods inventory are within the system context.
Introduction:
Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.
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CHART ANALYSIS
5. Close the PRIMEVAR4 file and open PRIMEVAR3. Click the Chart sheet tab. On the screen
is a graphical representation of the variances computed in requirement 3. Review the chart
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Chapter 15 Solutions
Accounting Information Systems
Ch. 15 - Prob. 1RQCh. 15 - Explain the three key drivers of complexity in...Ch. 15 - Describe the three key characteristics of...Ch. 15 - Prob. 4RQCh. 15 - Prob. 5RQCh. 15 - Prob. 6RQCh. 15 - Prob. 7RQCh. 15 - Prob. 8RQCh. 15 - Prob. 9RQCh. 15 - Prob. 10RQ
Ch. 15 - Prob. 11RQCh. 15 - Prob. 12RQCh. 15 - a. How are a bill of materials (BOM) and a routing...Ch. 15 - Prob. 14RQCh. 15 - Prob. 15RQCh. 15 - Prob. 16RQCh. 15 - Prob. 17RQCh. 15 - Prob. 18RQCh. 15 - Why is inventory management and control important...Ch. 15 - Prob. 21RQCh. 15 - Prob. 1DQCh. 15 - Prob. 3DQCh. 15 - What industry do you believe is a leader in...Ch. 15 - Prob. 5DQCh. 15 - Prob. 6DQCh. 15 - Prob. 7DQCh. 15 - Prob. 8DQCh. 15 - In addition to the industries mentioned in...Ch. 15 - A main goal of JIT is zero inventories. a. Assume...Ch. 15 - Prob. 11DQCh. 15 - Discuss how the inventory process supports the...Ch. 15 - Prob. 13DQCh. 15 - Prob. 14DQCh. 15 - Prob. 1SPCh. 15 - Prob. 2SPCh. 15 - Prob. 3SPCh. 15 - Prob. 4SPCh. 15 - Prob. 5SPCh. 15 - Study Figure 15.8, showing the level 0 DFD of the...Ch. 15 - Prob. 3PCh. 15 - Prob. 4PCh. 15 - Prob. 5PCh. 15 - Prob. 6PCh. 15 - Prob. 7P
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- Click the Chart sheet tab. This chart is based on the problem data and the two income statements. Answer the following questions about the chart: a. What is the title for the X-axis? b. What is the title for the Y-axis? c. What does data range A represent? d. What does data range B represent? e. Why do the two data ranges cross? f. What would be a good title for this chart? When the assignment is complete, close the file without saving it again. Worksheet. The VARCOST2 worksheet is capable of calculating variable and absorption income when unit sales are equal to or less than production. An equally common situation (that this worksheet cannot handle) is when beginning inventory is present and sales volume exceeds production volume. Revise the worksheet Data Section to include: Also, change actual production to 70,000. Revise the Answer Section to accommodate this new data. Assume that Anderjak uses the weighted-average costing method for inventory. Preview the printout to make sure that the worksheet will print neatly on one page, and then print the worksheet. Save the completed file as VARCOSTT. Check figure: Absorption income, 670,000. Chart. Using the VARCOST2 file, fix up the chart used in requirement 5 by adding appropriate titles and legends and formatting the X- and Y-axes. Enter your name somewhere on the chart. Save the file again as VARCOST2. Print the chart.arrow_forwardClose the PRIMEVAR4 file and open PRIMEVAR3. Click the Chart sheet tab. On the screen is a graphical representation of the variances computed in requirement 3. Review the chart and answer the following questions: a. Which variances does each bar represent? A __________ B __________ C __________ D __________ b. Which of the variances shown would be of most concern to management for immediate attention? (Consider groups of variances and materiality also.) Explain. When the assignment is complete, close the file without saving it again. Worksheet. McGrade Industries also has the following information regarding overhead for October: actual overhead 375,000, standard variable overhead of 3 per direct labor hour, and standard fixed overhead of 5 per direct labor hour (based on 47,000 hours budgeted). Modify the PRIMEVAR3 worksheet to compute all appropriate overhead variances. Preview the printout to make sure that the worksheet will print neatly on one page, and then print the worksheet. Save the completed file as PRIMEVART. Hint: Insert several new rows in the Data Section and in the Answer Section. Chart. Using the PRIMEVAR3 file, prepare a 3-D stacked bar chart to compare total standard cost per unit with actual cost per unit. Complete the Chart Tickler Data Table and use it as a basis for preparing the chart. You do not need to use cell references when completing the table. Enter all appropriate titles, legends, and formats. Enter your name somewhere on the chart. Save the file again as PRIMEVAR3. Print the chart.arrow_forwardA diagram showing interrelationships between two or more variables is called a __________. Multiple Choice histogram variance analysis pivottable grapharrow_forward
- Consider the following time series: Construct a time series plot. What type of pattern exists in the data? Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series. What is the forecast for t = 8?arrow_forwardProvide a brief analysis of what should be considered in trading USDCAD in the context of multiple time frames and order flow.arrow_forwardSHOW YOUR WORK IN THE SPACES PROVIDED BELOW FOR FULL CREDIT. Properties of Normal Distribution: (3p) Write the word or phrase that best completes each statement or answers the question. a. What is the total area under the normal curve? b. The normal distribution is defined by two parameters. What are they? c. What are the mean and standard deviation of the standard normal distribution?arrow_forward
- Cost drivers and functions. The representative cost drivers in the right column of this table are randomized so they do not match the list of functions in the left column. Representative Cost Driver A Number of imvoices sent B. Number of purchase orders C. Number of units manufactured D. Number of computers on the network E Number of employees hired F. Number of bills received from vendors G. Number of pallets moved Function 1. Accounts payable 2. Recruiting 3. Network Maintenance 4. Production 5. Purchasing 6. Warehousing 1. Billing 1. Match each function with its representative cost driver. 2 Give a second example of a cost driver for each function.arrow_forwardBased on the diagram, which represents the EOQ model.Which line segment represents the reorder lead time? a. AB b. AE c. AF d. BC e. ACarrow_forwardThe individual data observations in a data series are called __________. Multiple Choice markers tick marks data series data pointsarrow_forward
- Prepare a journal entry to close all variances to COGSarrow_forwardPlease do not give solution in image format thankuarrow_forwardSelect - Paragraph Styles 8. Which of the following is the best way to compensate for inadequate segregation of duties? Editing a. Direct involvement of owners in key functions. b. Maintaining sound recruiting schemes. c. Giving chronological numbers for all source documents. d. Preparing budgets and performance reports. 9. Which of the following is an example of reducing uncertainty by which information improves decision making? a. A cost report with large variances. b. Setting prices and determining credit policies. c. Selecting a new marketing strategy due to the failure of a particular strategy. d. None of the above. 10. The proliferation of master files results in: a significant increase in the number of master files that organization created. b. the advantage to obtain an organization-wide view of the data. c. the advantage to effectively integrate data stored in different files. d. that different data were stored in two or more separate master file. a. 11. Which of the following…arrow_forward
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