Acc3320-Final Exam Essay

2. Which of the following is an example of the hardware component of an information system?

1.11.6 and 2.3: I input relevant information accurately daily so that it is ready for processing. I do this by scanning in the forms we receive, after separating them into piles to group them for easy scanning. After I have scanned them all, I then use Xpress to start the processing. When I am doing so, I make sure I copy all the details accurately. This is very important, as I am dealing with personal and sensitive information received from the public. I take extra care when entering the digits, such as NI numbers or date of births. When inputting this information I am using a scanner, keyboard and mouse. I found that one reoccurring problem I had

1. You are a setting manager. You overhear room leader Jonathan say to fellow practitioner Laura that it is not fair that Afia is allowed time to pray during work each day.

The relationship between the teacher and the learner should always remain professional. In the world of technology such as Facebook, it would be unsuitable for the teacher and the learner to become involved in each other’s personal lives, as this can impact into the teaching or any potential disciplinary processes than may need to be addressed.

1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units?

Management should note that the level of activity was above what had been planned for the month. This led to an expected increase in profits of $1,100. However, the individual items on the report should not receive much management attention. The favorable variance for revenue and the unfavorable variances for expenses are entirely caused by the increase in activity.

Looking at the outcomes, which are the result of the support plan, these include inputs, outputs and outcomes. In simplified terms, these items look like:

-3 x 1.66 pts. = minus 5 pts. = 45 pts. out of 50 pts. = 90%

http://cfaonline.asu.edu/beatles E-mail preferred: mus354 beatles@mainex1.asu.edu The Beatles • John Hannon – vocals, rhythm guitar, keyboards, song writer • Paul McCartney – vocals, bass, guitar, keyboards, song writer • George Harrison – (Jazz), vocals, lead guitar, song writer (“something”) • Richard Starkey (Ringo Starr) – vocals, drums • Left-handed: Paul and Ringo Paul is a perfectionist Ringo – short, more like human being, oldest, older than John by 3 month 4 stage career – • 1958-1963 – formative, U.K. hits 62-63: “ Please please me”, “Love me do” 63: “She loves you, yeah yeah yeah”, “I want to hold your hand” • 1964-1965 – U.S. and World tours, pop hits • 1966-1968 – psychedelic sound and concept albums

Internal Revenue Code section 1221 defines “capital asset” as “property held by the taxpayer (whether or not connected with his trade or business), but does not include (1) Stock in trade of the taxpayer or other property of a kind which would properly be included in the inventory of the taxpayer if on hand at the close of the taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business.” As defined, Haig Simmons’ anthracite coal home heating and delivery service business holds anthracite coal in the ordinary course of business and therefore, is not considered a capital asset. Section 64 defines ordinary income as income earned from providing services or the sale of goods (inventory) “which is not a capital asset.” Based on this definition, any asset that does not classify as a capital asset is an ordinary asset. Since Haig Simmons was providing home coal heating services for consumers, any inventory kept was for the purpose of maintaining a steady, stable, and regular supply of coal and not held as a long term asset for future sale gains.

The materials used per unit of production, the Run labor hours and machine hours are provided in exhibit 2. The overhead expenses per unit of the product have been apportioned according to their percentage production and usage. (Drucker, 1999)

Overhead costs include rent, office staff, depreciation, and other. Once the flexible budget was complete, variances between the actual and flexible budget could be calculated (Exhibit B). The variance for frame assembly was favorable with actual costs being $82,663 less than in the flexible budget. The variances for wheel and final assembly however were both unfavorable. Wheel assembly had an unfavorable variance of $50,650, while final assembly variance was the highest at an unfavorable variance of $231,200. Taking into account these three aspects of direct cost, direct cost has an unfavorable variance $199,187. Although most overhead costs are fixed, 2/3 of other costs are variable and increase with the increased production. As shown in Exhibit B, overhead variance is unfavorable at $60,000. The direct cost variance and overhead variable together lead to a total unfavorable variance of $259,187.

9. (Ignore income taxes in this problem.) The Crawford Company is pondering an investment in a machine that

• This cost method does not provide the best system for JDCW’s cost allocation. By using only three overhead rates the present system grossly undermines the true production costs since other activities of the production process are not acknowledged.

1993 Operating Cost Structure ($/metric ton except where noted) Average Total electricity and alumina cost Other raw materials Plant power and fuel Consumables Maintenance Labor Freight General and administrative Total 683