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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Chapter 15, Problem 5DQ
a)
Summary Introduction
To determine: The most significant trends.
Introduction:
b)
Summary Introduction
To determine: The additional cause and effect relationship.
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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A number of terms and concepts from this chapter and a list of descriptions, definitions, and explanations follow. For each term (1-12) listed below, choose at least one corresponding item (a-p) below. Note that a single term may have more than one description and a single description may be used more than once or not at all.
(a)
Short-term management decision made using differential analysis.
(b)
Management decision in which lost revenue is compared to the reduction of costs to determine the overall effect on profit.
(c)
Exists when a company has not yet reached the limit on its resources.
(d)
Costs that have already been incurred.
(e)
Management decision in which fixed manufacturing overhead is ignored as long as there is enough excess capacity to meet the order.
(f)
Costs that can be avoided by choosing one option over another.
(g)
Step 5 of the management decision-making process.
(h)
Management decision in which relevant costs of making a product internally are…
From the choices presented in parentheses, choose the appropriate term for completing each of the following sentences:a. Advertising costs are usually viewed as (period, product) costs.b. Feedback is often used to (improve, direct) operations.c. Payments of cash or the commitment to pay cash in the future for the purpose of generating revenues are (costs, expenses).d. A product, a sales territory, a department, or an activity to which costs are traced is called a (direct cost, cost object).e. The balance sheet of a manufacturer would include an account for (cost of goods sold, work in process inventory).f. Factory overhead costs combined with direct labor costs are called (prime, conversion) costs.g. The implementation of automatic, robotic factory equipment normally (increases, decreases) the direct labor component of product costs.
Concepts and Terminology
From the choices presented in parentheses, choose the appropriate term for completing each of the following sentences:
Appropriate term
for
Sentence
completing
sentence
a. Advertising costs are usually viewed as (period, product) costs.
b. Feedback is often used to (improve, direct) operations.
c. Payments of cash or the commitment to pay cash in the future for the purpose of generating revenues are (costs, expenses).
d. A product, a sales territory, a department, or an activity to which costs are traced is called a (direct cost, cost object).
e. The balance sheet of a manufacturer would include an account for (cost of goods sold, work in process inventory).
f. Factory overhead costs combined with direct labor costs are called (prime, conversion) costs.
g. The implementation of automatic, robotic factory equipment normally (increases, decreases) the direct labor component of product costs.
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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- From the choices presented in parentheses, choose the appropriate term for completing each of the following sentences: A. Advertising costs are usually viewed as (period, product) costs. B. Feedback is often used to (improve, direct) operations. C. Payments of cash or the commitment to pay cash in the future for the purpose of generating revenues are (costs, expenses). D. A product, sales territory, department, or activity to which costs are traced is called a (direct cost, cost object). E. The balance sheet of a manufacturer would include an account for (cost of goods sold, work in process inventory). F. Factory overhead costs combined with direct labor costs are called (prime, conversion) costs. G. The implementation of automatic, robotic factory equipment normally (increases, decreases) the direct labor component of product costs.arrow_forwardFill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way to find the missing amounts would be to prepare a contribution format income statement for each case, enter the known data, and then compute the missing items.)arrow_forwardThe _____ concept requires a company to report its economic activities on a regular basis for a specific period. a.objectivity b.cost c.matching d.time periodarrow_forward
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