HORNGREN'S FINANCIAL & MANGERIAL ACCOUNT
HORNGREN'S FINANCIAL & MANGERIAL ACCOUNT
7th Edition
ISBN: 9780136505273
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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Andrews Corporation uses a process costing system for manufacturing. The following information is available for the February in its Polishing Department: Equivalent units of production-direct materials Equivalent units of production-conversion Costs in beginning Work in Process-direct materials Costs in beginning Work in Process-conversion Costs incurred in February-direct materials Costs incurred in February-conversion 110,000 EUP 95,000 EUP $ 49,000 $ 36,000 $ 4,14,000 5,20,000 The cost per equivalent unit of production for direct materials is: a. $9.26 b. $4.21 c. $4.97 d. $5.05 e. $5.85
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