HORNGREN'S M&F ACCT LL/W TCC CODE >IC<
HORNGREN'S M&F ACCT LL/W TCC CODE >IC<
6th Edition
ISBN: 9781323791950
Author: MILLER-NOBLES
Publisher: PEARSON
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Chapter B, Problem B.2SE
To determine

Accounting Information System (AIS)

Accounting Information System (AIS) is a computer-based system, which helps to collects, records, store and report the accounting information to the user. This data helps the user to meet the needs of the business or to take decision.

To Match: The components of an accounting information system with an example.

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The following data were taken from the accounts of Fluter Hardware, a small retail business. Sales $ 1,22,700 Sales returns and allowances 970 Sales discounts 580 Merchandise inventory, January 1 34,200 Purchases during the period 77,200 Purchases returns and allowances during the period 3,840 Purchases discounts taken during the period 2,440 Freight-in on merchandise purchased during the period 1,320 Merchandise inventory, December 31 32,300 Determine the gross profit.
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ABC Company makes wallets and the planned production in units for the first three months of the following year are: January 32,850 February 30,750 March 37,650 Additional information is as follows: Average wage per hour Direct labor hour for each wallet Required: $ 23.40 0.36 Compute the total direct labor budget for the first quarter of the following year.

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HORNGREN'S M&F ACCT LL/W TCC CODE >IC<

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