a)
To explain: The intangible or indirect costs and benefits that might be measured for the given feature.
Introduction:
Acquiring and implementing
It describes the acquisition of a system and its phases of development and the steps involved in it. It explains the difference between purchased and in-built systems. It explains the importance of the presence of an accountant in these systems.
b)
To explain: The intangible or indirect costs and benefits that might be measured for the given feature.
Introduction:
Acquiring and implementing accounting information systems:
It describes the acquisition of a system and its phases of development and the steps involved in it. It explains the difference between purchased and in-built systems. It explains the importance of the presence of an accountant in these systems.
c)
To explain: The intangible or indirect costs and benefits that might be measured for the given feature.
Introduction:
Acquiring and implementing accounting information systems:
It describes the acquisition of a system and its phases of development and the steps involved in it. It explains the difference between purchased and in-built systems. It explains the importance of the presence of an accountant in these systems.
d)
To explain: The intangible or indirect costs and benefits that might be measured for the given feature.
Introduction:
Acquiring and implementing accounting information systems:
It describes the acquisition of a system and its phases of development and the steps involved in it. It explains the difference between purchased and in-built systems. It explains the importance of the presence of an accountant in these systems.
e)
To explain: The intangible or indirect costs and benefits that might be measured for the given feature.
Introduction:
Acquiring and implementing accounting information systems:
It describes the acquisition of a system and its phases of development and the steps involved in it. It explains the difference between purchased and in-built systems. It explains the importance of the presence of an accountant in these systems.
f)
To explain: The intangible or indirect costs and benefits that might be measured for the given feature.
Introduction:
Acquiring and implementing accounting information systems:
It describes the acquisition of a system and its phases of development and the steps involved in it. It explains the difference between purchased and in-built systems. It explains the importance of the presence of an accountant in these systems.
g)
To explain: The intangible or indirect costs and benefits that might be measured for the given feature.
Introduction:
Acquiring and implementing accounting information systems:
It describes the acquisition of a system and its phases of development and the steps involved in it. It explains the difference between purchased and in-built systems. It explains the importance of the presence of an accountant in these systems.
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Accounting Information Systems
- Which of the following is not a characteristic of a good performance measurement system? A. timely B. consistent C. based on activities over which managers have no control or influence D. uses both long- and short-term performances and standardsarrow_forwardWhich of the following is not true regarding continuous improvement? It applies to both service and manufacturing companies. It is used to reduce performance costs. It rejects the idea of good enough. It can be applied only to improve processes and products but not services and practices.arrow_forwardWhich of the following is false regarding activity-based costing (ABC)? a. Companies that have a high potential for cost distortions are more likely to benefit from ABC b. Opportunities for continuous improvement are rarely revealed by using ABC. c. The cost of implementing ABC may outweigh the benefits d. Increased accuracy with budgeting resources is often realizedarrow_forward
- When using the general methods to estimate cost behavior, A. It is a good idea to use multiple methods so results can be compared B. Managers often apply their own best judgement as a first step in the estimation process C. Results are likely to differ from method to method D. Large differences in methods suggest that the cost cannot be estimated.arrow_forwardWrong allocation of common costs lead to A. Inaccurate estimation of cost of products or services B. Under utilization of capacity C. Lower profit margin D. All of the above are correctarrow_forwardExplain why a new product costing system may be needed when line managers suggest that an apparently profitable product be dropped.arrow_forward
- Which of the following statements regarding activity-based costing (ABC) is false? A. ABC is not an appropriate tool for analysing non-manufacturing costs. B. ABC can be used to analyse the profitability of customers. C. ABC evolved as a response to problems with traditional costing systems. D. ABC can be used to measure the cost of cost objects.arrow_forwardManagement should focus its sales and production efforts on the product or products that will provide the a.lowest product costs b.highest sales revenue c.maximum contribution margin d.lowest direct labor hoursarrow_forwardUsing the revenue per employee ratio as an indicator for productivity will lead to outsourcing of personnel, even when it increases cost.True or false? And why?arrow_forward
- Which of the following is not an application of cost-volume-profit analysis? Setting prices for products and services. Performing strategic “what-if” analyses. Deciding whether to cut a product line. Determining the short-term cost or profit implications of many decisions. Deciding whether to make or buy a given product or service.arrow_forwardKnowing how costs behave to change in the level of activity is useful to management for all the following reasons except for: predicting customer demand. predicting profits as sales and production volumes change. estimating costs. changing an existing product production.arrow_forwardCritics of absorption costing have increasingly emphasized its potential for leading to undesirable incentives for managers. Give an example.arrow_forward
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