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ACC 340 Inspiring Minds/newtonhelp.com - Flashcards

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Class:ACCT 313 - Accounting-Based Valuation
Subject:Accounting
University:Stanford University
Term:Fall 2014
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ACC 340 Final Exam Guide New

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1.         The essential steps in performing a systems study are (in order of occurrence):

a)         Analysis, design, implementation and initial operation, follow up

b)         Design, planning, follow up, analysis, and implementation

c)         Planning, system specification, analysis, production, implementation

d)         Planning, analysis, design, implementation, and follow up

ACC 340 Week 1 Connect Knowledge Check

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1.

The Certified Information Technology Professional is the position created by the AICPA to recognize CPAs who have the ability to provide skilled professional services on Information Technology.

True

False

 

2.

The correct order of effects in the value chain are:

Inbound Logistics → Operations → Service

Inbound Logistics → Outbound Logistics → Marketing & Sales

Inbound Logistics → Operations → Outbound Logistics

Inbound Logistics → Operations → Shipping

 

 

ACC 340 Week 1 Discussion Question 1

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Why do some organizations continue to use both manual and computerized accounting information systems?e business process.

ACC 340 Week 1 Textbook Assignment Problem 6 Ch. 1

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Write a response of no more than 1,050 words to Problem 6 from Ch. 1, "Accounting Information Systems and Firm Value" of Accounting Information Systems.

Click the Assignment Files tab to submit your assignment.

 

Using the accompanying explanations of each IT strategic role, suggest the appropriate IT strategic role (automate, informate or transform) for the following types of IT investments. Depending on your interpretation, it is possible that some of the IT investments could include two IT strategic roles.

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ACC 340 Week 2 Connect Knowledge Check

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1.

 

 

 

Control Objectives for Information and related Technology's (CobIT) guidance is guided by a structure that corresponds to the SDLC, namely: Plan and Organize, Acquire and Implement, Deliver and Support and Monitor and Evaluate.

ACC 340 Week 2 Discussion Question 1

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What are some of the hardware components of your PC at work? How are they different from the components of your PC at home?

ACC 340 Week 2 Discussion Question 2

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What are the benefits and limitations of the network being used at your organization?

ACC 340 Week 2 Enterprise Systems Paper

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Prepare a 700- to 1,050-word paper to include the following:

Describe the various types of enterprise wide accounting systems used in organizations.

Explain how you might use the information system development process to implement a new system for your organization.

Discuss the steps involved in the development process.

Include a summary of the advantages and disadvantages of the different types of databases that are used in accounting systems.

Click the Assignment Files tab to submit your assignment.

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ACC 340 Week 2 Team Assignment Business Process

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Select a company that you are familiar with to use as the basis for your assignment.

Select a business activity in your selected company. For example, the sales activity, the accounting activity, the manufacturing activity, the hiring activity, etc.

Prepare a 10- to 12-slide presentation to include the following:

Speaker notes.

A description of the business activity process.

A Business Process Modeling Notation (BPMN) activity model for the selected business activity.

ACC 340 Week 3 Discussion Question 1

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What are the advantages of a relational approach to database design? What are the drawbacks?

ACC 340 Week 3 Discussion Question 2

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Does your firm use a DBMS? Can you tell us about it?

ACC 340 Week 3 Team Database and Reports

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Use your selected business activity from Week 2.

Design at least two relational database tables.

Identify the primary keys and foreign keys for your tables.

Determine the reports you would create to assist management evaluate and monitor the business process.

Identify the relationships (using keys) that are needed to create these reports.

Click the Assignment Files tab to submit your assignment.

Note. Grades are awarded based upon individual contributions to the Learning Team assignment. Each Learning Team member receives a grade based upon his/her contributions to the team assignment. Not all students may receive the same grade for the team assignment.

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ACC 340 Week 4 Connect Knowledge Check

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1.

 

Investments in business analytics systems support the balanced scorecard management process during the Link to Operations step.

True

False

ACC 340 Week 4 Discussion Question 1

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What are the steps in the SDLC? Which is most important? What are the ramifications of skipping one of these steps? 

ACC 340 Week 4 Discussion Question 2

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What is your personal involvement in determining IS requirements?

ACC 340 Week 4 Textbook Assignment Ch 13 Problem 1 and 2

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Write a response of no more than 1,050 words to Problems 1 and 2 from Ch. 13, "The Balanced Scorecard and Business Value of Information Technology" on pp. 272 of Accounting Information Systems.

Click the Assignment Files tab to submit your assignment.

1.                  Select a prominent public company, such as Apple, Google, or Microsoft. Obtain recent annual reports and news articles about the company. Using that information, develop a strategy map that describes the company’s performance. Start by defining its value proposition, and then identifying key business processes that deliver that value proposition.

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ACC 340 Week 5 Computer Fraud Paper

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Prepare a 700- to 1,050-word article summary about a recent data breach or computer fraud at an organization to include the following:

Describe the circumstances involved and the results of the event.

Explain how the data breach occurred and what could have been done to prevent the breach/fraud from occurring.

Discuss what the organization has done or is doing to prevent the breach/fraud from occurring in the future.

Discuss the impact of the breach/fraud on the organization.

Discuss whether you believe that most incidents of data breaches and fraud are reported to the public. Why or why not?

Click the Assignment Files tab to submit your assignment.

ACC 340 Week 5 Discussion Question 1

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What is the difference between a general control and an application control?

ACC 340 Week 5 Discussion Question 2

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What internal controls can be implemented using information systems to safeguard your organization’s electronic assets?

ACC 340 Week 5 Individual Assignment Final Exam

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Multiple-Choice Questions

 

1. The process by which a financial transaction is recorded so that its flow through the system can be followed is called:

a) Financial shadowing

b) Managerial trace technique

c) Concatenation

d) Audit trail

 

2. Justifying expenditures for new technologies is especially difficult because:

a) You do not know how many jobs will be affected

b) Expenses are often recurring and are difficult to estimate

c) Many benefits are intangible and are not easily known or measured

d) Justifying a new technology is no different from any other capital budgeting problem

 

3. The essential steps in performing a systems study are (in order of occurrence):

a) Analysis, design, implementation and initial operation, follow up

b) Design, planning, follow up, analysis, an
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ACC 349 Discussion 4

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What are the differences between variable and absorption costing? Why is variable costing not allowed for GAAP reporting? Which method is more useful for internal decision making? Why? As a manager, which would you prefer? Why?

ACC 349 Discussion 5

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For what is cost-volume-profit (CVP) analysis used? What are some main underlying assumptions that make CVP analysis useful for decision makers? Why might decision makers use CVP analysis?  What is contribution margin?  What is break even point?  How are these used?

ACC 349 Discussion 6

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What are some main differences between financial and managerial accounting? How do these differences affect the type of information that must be gathered and reported? What different types of decisions must users of financial accounting information make? What different types of decisions must users of managerial accounting information make?  How does managerial accounting apply to your career?  What is the code of conduct for managerial accountants?

ACC 349 Discussion 7

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What are the cost classifications for assigning cost to cost objects?  What are the cost classifications for manufacturing companies?  What are cost classifications for preparing financial statements?  What are cost classifications for predicting cost behavior?   What are mixed cost?

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ACC 349 Discussion 8

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What is a master budget? What are some underlying budgets that form the master budget?  What are the advantages of budgeting? What is the budgeting process at your organization? Is it effective? Why or why not?

ACC 349 Discussion 9

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What are the characteristics of a flexible budget?  How does a flexible budget work?  Do you have experience with this type of budgeting?

ACC 349 Discussion 10

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What are some of the potential problems with standard cost?  Please explain your thoughts

ACC 349 Entire Course

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ACC 349 Week 1 Individual Assignment  BYP 1-7, E1-7

ACC 349 Week 1 Discussion Question 1

ACC 349 Week 1 Discussion Question 2

ACC 349 Week 2 Individual Assignment Assignments CH 2 & 3

ACC 349 Week 2 Team Assignment Problems  Ch. 2 & 3

ACC 349 Week 2 Team Assignment Case Study BYP 2-2

ACC 349 Week 2 Discussion Question 1

ACC 349 Week 2 Discussion Question 2

ACC 349 Week 3 Individual Assignment Article Analysis Summary

ACC 349 Week 3 Individual Assignment Assignments  Ch. 4

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ACC 349 Final Exam Guide (New 2017 with Excel sheet)

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Excel Sheet can be used for any change in values, it automatically gives correct answers

 

1.

The following costs were incurred in September:

 

  Direct materials         $42,700 

  Direct labor   $29,400 

  Manufacturing overhead       $27,300 

  Selling expenses        $23,600 

  Administrative expenses       $33,700 

Conversion costs during the month totaled:

 

ACC 349 Final Exam Guide

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1) What does cost accounting measure, record, and report?

 

2) What is the best way to handle manufacturing overhead costs in order to get the most timely job cost information?

 

   

3) At the end of the year, manufacturing overhead has been overapplied. What occurred to create this situation?

   

 

4) Which of the following would be accounted for using a job order cost system?

 

ACC 349 Wee 5 Team Assignment Part 3 (Jeemp Farms)

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You have completed the analysis of ABC and determined whether it is a good option for Jeemp Farms.

Create a 5- to 10-slide presentation with speaker notes for Jeemp Farms management that addresses the following:

Explain ABC costing and how it is different than traditional costing.

Explain the advantages/disadvantages of using ABC costing.

Define the terminology that is used in an ABC costing system.

Explain whether ABC is the preferential system for Jeemp Farms and why.

ACC 349 Week 1 Discussion Question 1

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What are some of the key differences between financial and managerial accounting? How do these differences impact the type of information that must be gathered and reported? What are the different types of decisions that users of financial accounting information must make? What are the different types of decisions that users of managerial accounting information must make?

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ACC 349 Week 1 Discussion Question 2

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What are the differences between a direct cost and an indirect cost? Which is the more difficult cost to track? Why? How do indirect costs affect the cost of a product? Should indirect costs be included in product cost? Why or why not?

ACC 349 Week 1 Individual Assignment BYP 1-7, E1-7

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Prepare written responses to the following assignments from Ch. 1 of Managerial Accounting: Tools for Business Decision Making:

 

Exercise E1-7 exercise #7 only

Ethics Case BYP 1-7 case #7 only

ACC 349 Week 1 Lab Problems

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Week 1

 

• Question 1    Segregation of duties

is a preventive control

is a detective control

separates responsibilities for authorizing transactions, recording transactions, and maintaining custody of the related assets

 

• Question 2      The following cost and inventory data are taken from the accounting records of Mason Company for the year just completed:

              Costs incurred:

Direct labor cost                      $ 87,000

Purchases of raw materials      $ 131,000

Manufacturing overhead         $ 208,000

Advertising expense               $ 46,000

Sales salaries                           $ 102,000

Depreciation, office equipment $ 228,000

Beginning                          End of

ACC 349 Week 2 Connect Problems (with Excel Sheet)

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This Tutorial contains Excel Sheet which can be used for any values

 

 

Week 2

 

 

 

• Question 1       The Hartford Symphony Guild is planning its annual dinnerdance. The dinnerdance committee has assembled the following expected costs for the event:

 

Dinner (per person)      $10

Favors and program (per person)      $4

Band      $700

Rental of ballroom     $2,000

Professional entertainment during intermission      $2,000

Tickets and advertising     $700

 

The committee members would like to charge $41 per person for the evening’s activities.

 

 

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ACC 349 Week 2 Discussion Question 1

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What is activity-based costing? What are some of the key elements of activity-based costing? How does this method differ from a more traditional costing method?

ACC 349 Week 2 Discussion Question 2

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What are value-added processes? How do you determine if a process adds value? How does identification of value-added processes help a company run more efficiently and effectively?

ACC 349 Week 2 Individual Assignment Assignments CH 2, 3

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Prepare written responses to the following assignments from Managerial Accounting: Tools for Business Decision Making:

 

Ch. 2 – Exercises E-2-6 and E2-9

Ch. 3 – Exercises E3-5 and E3-9

Ch. 3 – Questions 2 and 3

ACC 349 Week 2 Lab Problems

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Week 2

 

 

 

• Question 1         The Hartford Symphony Guild is planning its annual dinnerdance. The dinnerdance committee has assembled the following expected costs for the event:

 

Dinner (per person)                                             $10

Favors and program (per person)                        $4

Band                                                                   $700

Rental of ballroom                                              $2,000

Professional entertainment during intermission              $2,000

Tickets and advertising                                                   $700

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ACC 349 Week 2 Team Assignment Case Study BYP 2-2

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Prepare written responses to the following case study from Ch. 2 of Managerial Accounting: Tools for Business Decision Making:

 

Managerial Analysis BYP 2-2

ACC 349 Week 2 Team Assignment Problems Ch 2 and 3

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Prepare written responses to the following problems from Managerial Accounting: Tools for Business Decision Making:

 

Ch. 2 – Problem P2-4A

Ch. 3 – Problem P3-3A

ACC 349 Week 3 Discussion Question 1

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For what is cost-volume-profit (CVP) analysis used? What are some of the key underlying assumptions that make CVP analysis useful for decision makers? Why might decision makers use CVP analysis?

ACC 349 Week 3 Discussion Question 2

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What are the differences between variable and absorption costing? Why is variable costing not allowed for GAAP reporting? Which method is more useful for internal decision-making? Why? As a manager, which would you prefer? Why?

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ACC 349 Week 3 Individual Assignment Article Analysis Summary

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Use the Internet or other credible resources to find an article relevant to activity-based costing (ABC), job costing, or process costing.

 

Write a 125-word summary of the article.

 

Summarize the major topics of the article, and explain what you learned as a result of your reading.

 

Format your summary consistent with APA guidelines.

ACC 349 Week 3 Individual Assignment Assignments Ch. 4

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Prepare written responses to the following assignments from Ch. 4 of Managerial Accounting: Tools for Business Decision Making:

 

Exercises E4-10 and E4-11

Questions 13 and 14

ACC 349 Week 3 Team Assignment Case Study Ch. 4

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Prepare written responses to the following case study from Ch. 4 of Managerial Accounting: Tools for Business Decision Making:

 

Managerial Analysis BYP 4-2

ACC 349 Week 3 Team Assignment Part 1 (Jeemp Farms)ACC 349 Week 3 Team Assignment Part 1 (Jeemp Farms)

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Read the following scenario below:

Leighton Beridon owns "Jeemp Farms", located near Weimar, TX. The farm produces pecan trees and sod. He has so many orders from the Houston metropolitan area that he is able to sell all his inventory each year, but he is not netting as much as he has in past years. His daughter, LieslBeridon, came home from college over Thanksgiving and mentioned ABC costing, which she learned about in her cost accounting class. Mr.Beridon does not really know what ABC costing is and is skeptical as to whether it would be right for his business. He has hired your company to educate him about ABC and whether or not he should use an ABC system. Over the next few weeks, you will work towards helping Mr.Beridon decide what is the best route for his company to take. 

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ACC 349 Week 3 Team Assignment Problems Ch. 4

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Prepare written responses to the following problems from Ch. 4 of Managerial Accounting: Tools for Business Decision Making:

 

Problems P4-3A and P4-4A

ACC 349 Week 4 Connect Problems (with Excel Sheet)

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This Tutorial contains Excel Sheet which can be used for any values

 

 

Q-1

 

Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company’s planning budget for May appears below:

During May, the company’s activity was actually 340 diving-hours. Complete the following flexible budget for that level of activity.

 

 

ACC 349 Week 4 Discussion Question 1

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What are some of the advantages and disadvantages of standard costs? How do managers determine what the standard cost should be? Describe the effect of inaccurate standard costs on financial reporting.

ACC 349 Week 4 Discussion Question 2

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When should variances be investigated? Who should be responsible for correcting a negative variance? Why? What are some factors that can lead to variances? How can variances be corrected?

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ACC 349 Week 4 Individual Assignment Ch. 5 and 6

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Prepare written responses to the following assignments from Managerial Accounting: Tools for Business Decision Making:

 

Ch. 5 – Exercises E5-1 and E5-9

Ch. 6 – Exercises E6-7 and E6-10

ACC 349 Week 4 Team Assignment Case Study Ch. 6

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Prepare written responses to the following case study from Ch. 6 of Managerial Accounting: Tools for Business Decision Making:

 

Managerial Analysis BYP 6-2

ACC 349 Week 4 Team Assignment Part 2 (Jeemp Farms)

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Mr.Beridon received your requests for information and returned data which you have compiled in an Microsoft® Excel® spreadsheet (see document template). He also said, "We grow sod and trees at Jeemp Farms. We sell the sod mainly to home builders in the area, although we sell to some individuals who are purchasing square footages to re-sod their yard. Many home builders will purchase to sod an entire subdivision. They then may come back to us to purchase trees for the yards. It really is a package deal. For builders like that, we are a one-stop-shop.  In most cases, however, we sell the trees to orchards and some individuals. The purchaser is responsible for all shipping costs related to their product.

     "Our production process is different for each product. For sod, we plant the seed, irrigate, cut, and roll the sod and then transport it. For the trees, we plant the root stock, graft the tree, water until a particular maturity and then dig it up and sell it. We inspect the plants as needed to make sure we are producing a quality product that is disease-free.

ACC 349 Week 4 Team Assignment Problems Ch. 7

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Prepare written responses to the following problems from Ch. 7 of Managerial Accounting: Tools for Business Decision Making:

 

Problem P7-1A

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ACC 349 Week 5 Connect Problems (With Excel Sheet)

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This Tutorial contains Excel Sheet which can be used for any change in values, get your 100% score with our sheet

 

 

Week 5

 

• Question 1    Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below:

                                   Standard

 

During the most recent month, the following activity was recorded:

a. Twelve thousand four hundred pounds of material were purchased at a cost of $2.90 per pound.

b. The company produced only 1,240 units, using 11,160 pounds of material. (The rest of the material

purchased remained in raw materials invent
ACC 349 Week 5 Discussion Question 1

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What is a master budget? What are some of the underlying budgets that form the master budget? What is the budgeting process at your organization? Is it effective? Why or why not?

ACC 349 Week 5 Discussion Question 2

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What is the difference between external and internal pricing? What factors must be considered when setting internal transfer pricing between divisions of a company? What are the different methods of setting internal transfer pricing? Which is the most effective? Why?

ACC 349 Week 5 Individual Assignment Ch. 8, 9 and 11

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Prepare written responses to the following assignments from Managerial Accounting: Tools for Business Decision Making:

 

Ch. 8 – Exercises E8-11

Ch. 9 – Brief Exercises BE9-6 and BE9-8

Ch. 11 – Questions 2 and 11

Ch. 11 – Exercise E11-6

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ACC 349 Week 5 Signature Assignment Ethics on the Job (2 Papers)

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This Tutorial contains 2 Papers

 

About Your Signature Assignment

Signature/Benchmark Assignments are designed to align with specific program student learning outcome(s) in your program. Program Student Learning Outcomes are broad statements that describe what students should know and be able to do upon completion of their degree. Signature/Benchmark Assignments are graded with a grading guide or an automated rubric that allows the University to collect data that can be aggregated across a location or college/school and used for course/program improvements.

Format your assignment to APA standards.

ACC 349 Week 5 Team Assignment Problems Ch. 8 and 11

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Prepare written responses to the following problems from Managerial Accounting: Tools for Business Decision Making:

 

Ch. 8 – Problem P8-2A

Ch. 11 – Problem P11-4A

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 ACC 340 Final Exam Guide New

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1.         The essential steps in performing a systems study are (in order of occurrence):

a)         Analysis, design, implementation and initial operation, follow up

b)         Design, planning, follow up, analysis, and implementation

c)         Planning, system specification, analysis, production, implementation

d)         Planning, analysis, design, implementation, and follow up

 ACC 340 Week 1 Connect Knowledge Check

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1.

The Certified Information Technology Professional is the position created by the AICPA to recognize CPAs who have the ability to provide skilled professional services on Information Technology.

True

False

 

2.

The correct order of effects in the value chain are:

Inbound Logistics → Operations → Service

Inbound Logistics → Outbound Logistics → Marketing & Sales

Inbound Logistics → Operations → Outbound Logistics

Inbound Logistics → Operations → Shipping

 

 

 ACC 340 Week 1 Discussion Question 1

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Why do some organizations continue to use both manual and computerized accounting information systems?e business process.

 ACC 340 Week 1 Textbook Assignment Problem 6 Ch. 1

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Write a response of no more than 1,050 words to Problem 6 from Ch. 1, "Accounting Information Systems and Firm Value" of Accounting Information Systems.

Click the Assignment Files tab to submit your assignment.

 

Using the accompanying explanations of each IT strategic role, suggest the appropriate IT strategic role (automate, informate or transform) for the following types of IT investments. Depending on your interpretation, it is possible that some of the IT investments could include two IT strategic roles.

 ACC 340 Week 2 Connect Knowledge Check

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1.

 

 

 

Control Objectives for Information and related Technology's (CobIT) guidance is guided by a structure that corresponds to the SDLC, namely: Plan and Organize, Acquire and Implement, Deliver and Support and Monitor and Evaluate.

 ACC 340 Week 2 Discussion Question 1

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What are some of the hardware components of your PC at work? How are they different from the components of your PC at home?

 ACC 340 Week 2 Discussion Question 2

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What are the benefits and limitations of the network being used at your organization?

 ACC 340 Week 2 Enterprise Systems Paper

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Prepare a 700- to 1,050-word paper to include the following:

Describe the various types of enterprise wide accounting systems used in organizations.

Explain how you might use the information system development process to implement a new system for your organization.

Discuss the steps involved in the development process.

Include a summary of the advantages and disadvantages of the different types of databases that are used in accounting systems.

Click the Assignment Files tab to submit your assignment.

 ACC 340 Week 2 Team Assignment Business Process

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Select a company that you are familiar with to use as the basis for your assignment.

Select a business activity in your selected company. For example, the sales activity, the accounting activity, the manufacturing activity, the hiring activity, etc.

Prepare a 10- to 12-slide presentation to include the following:

Speaker notes.

A description of the business activity process.

A Business Process Modeling Notation (BPMN) activity model for the selected business activity.

 ACC 340 Week 3 Discussion Question 1

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What are the advantages of a relational approach to database design? What are the drawbacks?

 ACC 340 Week 3 Discussion Question 2

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Does your firm use a DBMS? Can you tell us about it?

 ACC 340 Week 3 Team Database and Reports

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Use your selected business activity from Week 2.

Design at least two relational database tables.

Identify the primary keys and foreign keys for your tables.

Determine the reports you would create to assist management evaluate and monitor the business process.

Identify the relationships (using keys) that are needed to create these reports.

Click the Assignment Files tab to submit your assignment.

Note. Grades are awarded based upon individual contributions to the Learning Team assignment. Each Learning Team member receives a grade based upon his/her contributions to the team assignment. Not all students may receive the same grade for the team assignment.

 ACC 340 Week 4 Connect Knowledge Check

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1.

 

Investments in business analytics systems support the balanced scorecard management process during the Link to Operations step.

True

False

 ACC 340 Week 4 Discussion Question 1

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What are the steps in the SDLC? Which is most important? What are the ramifications of skipping one of these steps? 

 ACC 340 Week 4 Discussion Question 2

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What is your personal involvement in determining IS requirements?

 ACC 340 Week 4 Textbook Assignment Ch 13 Problem 1 and 2

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Write a response of no more than 1,050 words to Problems 1 and 2 from Ch. 13, "The Balanced Scorecard and Business Value of Information Technology" on pp. 272 of Accounting Information Systems.

Click the Assignment Files tab to submit your assignment.

1.                  Select a prominent public company, such as Apple, Google, or Microsoft. Obtain recent annual reports and news articles about the company. Using that information, develop a strategy map that describes the company’s performance. Start by defining its value proposition, and then identifying key business processes that deliver that value proposition.

 ACC 340 Week 5 Computer Fraud Paper

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Prepare a 700- to 1,050-word article summary about a recent data breach or computer fraud at an organization to include the following:

Describe the circumstances involved and the results of the event.

Explain how the data breach occurred and what could have been done to prevent the breach/fraud from occurring.

Discuss what the organization has done or is doing to prevent the breach/fraud from occurring in the future.

Discuss the impact of the breach/fraud on the organization.

Discuss whether you believe that most incidents of data breaches and fraud are reported to the public. Why or why not?

Click the Assignment Files tab to submit your assignment.

 ACC 340 Week 5 Discussion Question 1

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What is the difference between a general control and an application control?

 ACC 340 Week 5 Discussion Question 2

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What internal controls can be implemented using information systems to safeguard your organization’s electronic assets?

 ACC 340 Week 5 Individual Assignment Final Exam

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Multiple-Choice Questions

 

1. The process by which a financial transaction is recorded so that its flow through the system can be followed is called:

a) Financial shadowing

b) Managerial trace technique

c) Concatenation

d) Audit trail

 

2. Justifying expenditures for new technologies is especially difficult because:

a) You do not know how many jobs will be affected

b) Expenses are often recurring and are difficult to estimate

c) Many benefits are intangible and are not easily known or measured

d) Justifying a new technology is no different from any other capital budgeting problem

 

3. The essential steps in performing a systems study are (in order of occurrence):

a) Analysis, design, implementation and initial operation, follow up

b) Design, planning, follow up, analysis, an
 ACC 349 Discussion 4

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What are the differences between variable and absorption costing? Why is variable costing not allowed for GAAP reporting? Which method is more useful for internal decision making? Why? As a manager, which would you prefer? Why?

 ACC 349 Discussion 5

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For what is cost-volume-profit (CVP) analysis used? What are some main underlying assumptions that make CVP analysis useful for decision makers? Why might decision makers use CVP analysis?  What is contribution margin?  What is break even point?  How are these used?

 ACC 349 Discussion 6

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What are some main differences between financial and managerial accounting? How do these differences affect the type of information that must be gathered and reported? What different types of decisions must users of financial accounting information make? What different types of decisions must users of managerial accounting information make?  How does managerial accounting apply to your career?  What is the code of conduct for managerial accountants?

 ACC 349 Discussion 7

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What are the cost classifications for assigning cost to cost objects?  What are the cost classifications for manufacturing companies?  What are cost classifications for preparing financial statements?  What are cost classifications for predicting cost behavior?   What are mixed cost?

 ACC 349 Discussion 8

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What is a master budget? What are some underlying budgets that form the master budget?  What are the advantages of budgeting? What is the budgeting process at your organization? Is it effective? Why or why not?

 ACC 349 Discussion 9

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What are the characteristics of a flexible budget?  How does a flexible budget work?  Do you have experience with this type of budgeting?

 ACC 349 Discussion 10

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What are some of the potential problems with standard cost?  Please explain your thoughts

 ACC 349 Entire Course

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ACC 349 Week 1 Individual Assignment  BYP 1-7, E1-7

ACC 349 Week 1 Discussion Question 1

ACC 349 Week 1 Discussion Question 2

ACC 349 Week 2 Individual Assignment Assignments CH 2 & 3

ACC 349 Week 2 Team Assignment Problems  Ch. 2 & 3

ACC 349 Week 2 Team Assignment Case Study BYP 2-2

ACC 349 Week 2 Discussion Question 1

ACC 349 Week 2 Discussion Question 2

ACC 349 Week 3 Individual Assignment Article Analysis Summary

ACC 349 Week 3 Individual Assignment Assignments  Ch. 4

 ACC 349 Final Exam Guide (New 2017 with Excel sheet)

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Excel Sheet can be used for any change in values, it automatically gives correct answers

 

1.

The following costs were incurred in September:

 

  Direct materials         $42,700 

  Direct labor   $29,400 

  Manufacturing overhead       $27,300 

  Selling expenses        $23,600 

  Administrative expenses       $33,700 

Conversion costs during the month totaled:

 

 ACC 349 Final Exam Guide

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1) What does cost accounting measure, record, and report?

 

2) What is the best way to handle manufacturing overhead costs in order to get the most timely job cost information?

 

   

3) At the end of the year, manufacturing overhead has been overapplied. What occurred to create this situation?

   

 

4) Which of the following would be accounted for using a job order cost system?

 

 ACC 349 Wee 5 Team Assignment Part 3 (Jeemp Farms)

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You have completed the analysis of ABC and determined whether it is a good option for Jeemp Farms.

Create a 5- to 10-slide presentation with speaker notes for Jeemp Farms management that addresses the following:

Explain ABC costing and how it is different than traditional costing.

Explain the advantages/disadvantages of using ABC costing.

Define the terminology that is used in an ABC costing system.

Explain whether ABC is the preferential system for Jeemp Farms and why.

 ACC 349 Week 1 Discussion Question 1

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What are some of the key differences between financial and managerial accounting? How do these differences impact the type of information that must be gathered and reported? What are the different types of decisions that users of financial accounting information must make? What are the different types of decisions that users of managerial accounting information must make?

 ACC 349 Week 1 Discussion Question 2

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What are the differences between a direct cost and an indirect cost? Which is the more difficult cost to track? Why? How do indirect costs affect the cost of a product? Should indirect costs be included in product cost? Why or why not?

 ACC 349 Week 1 Individual Assignment BYP 1-7, E1-7

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Prepare written responses to the following assignments from Ch. 1 of Managerial Accounting: Tools for Business Decision Making:

 

Exercise E1-7 exercise #7 only

Ethics Case BYP 1-7 case #7 only

 ACC 349 Week 1 Lab Problems

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Week 1

 

• Question 1    Segregation of duties

is a preventive control

is a detective control

separates responsibilities for authorizing transactions, recording transactions, and maintaining custody of the related assets

 

• Question 2      The following cost and inventory data are taken from the accounting records of Mason Company for the year just completed:

              Costs incurred:

Direct labor cost                      $ 87,000

Purchases of raw materials      $ 131,000

Manufacturing overhead         $ 208,000

Advertising expense               $ 46,000

Sales salaries                           $ 102,000

Depreciation, office equipment $ 228,000

Beginning                          End of

 ACC 349 Week 2 Connect Problems (with Excel Sheet)

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This Tutorial contains Excel Sheet which can be used for any values

 

 

Week 2

 

 

 

• Question 1       The Hartford Symphony Guild is planning its annual dinnerdance. The dinnerdance committee has assembled the following expected costs for the event:

 

Dinner (per person)      $10

Favors and program (per person)      $4

Band      $700

Rental of ballroom     $2,000

Professional entertainment during intermission      $2,000

Tickets and advertising     $700

 

The committee members would like to charge $41 per person for the evening’s activities.

 

 

 ACC 349 Week 2 Discussion Question 1

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What is activity-based costing? What are some of the key elements of activity-based costing? How does this method differ from a more traditional costing method?

 ACC 349 Week 2 Discussion Question 2

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What are value-added processes? How do you determine if a process adds value? How does identification of value-added processes help a company run more efficiently and effectively?

 ACC 349 Week 2 Individual Assignment Assignments CH 2, 3

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Prepare written responses to the following assignments from Managerial Accounting: Tools for Business Decision Making:

 

Ch. 2 – Exercises E-2-6 and E2-9

Ch. 3 – Exercises E3-5 and E3-9

Ch. 3 – Questions 2 and 3

 ACC 349 Week 2 Lab Problems

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Week 2

 

 

 

• Question 1         The Hartford Symphony Guild is planning its annual dinnerdance. The dinnerdance committee has assembled the following expected costs for the event:

 

Dinner (per person)                                             $10

Favors and program (per person)                        $4

Band                                                                   $700

Rental of ballroom                                              $2,000

Professional entertainment during intermission              $2,000

Tickets and advertising                                                   $700

 ACC 349 Week 2 Team Assignment Case Study BYP 2-2

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Prepare written responses to the following case study from Ch. 2 of Managerial Accounting: Tools for Business Decision Making:

 

Managerial Analysis BYP 2-2

 ACC 349 Week 2 Team Assignment Problems Ch 2 and 3

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Prepare written responses to the following problems from Managerial Accounting: Tools for Business Decision Making:

 

Ch. 2 – Problem P2-4A

Ch. 3 – Problem P3-3A

 ACC 349 Week 3 Discussion Question 1

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For what is cost-volume-profit (CVP) analysis used? What are some of the key underlying assumptions that make CVP analysis useful for decision makers? Why might decision makers use CVP analysis?

 ACC 349 Week 3 Discussion Question 2

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What are the differences between variable and absorption costing? Why is variable costing not allowed for GAAP reporting? Which method is more useful for internal decision-making? Why? As a manager, which would you prefer? Why?

 ACC 349 Week 3 Individual Assignment Article Analysis Summary

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Use the Internet or other credible resources to find an article relevant to activity-based costing (ABC), job costing, or process costing.

 

Write a 125-word summary of the article.

 

Summarize the major topics of the article, and explain what you learned as a result of your reading.

 

Format your summary consistent with APA guidelines.

 ACC 349 Week 3 Individual Assignment Assignments Ch. 4

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Prepare written responses to the following assignments from Ch. 4 of Managerial Accounting: Tools for Business Decision Making:

 

Exercises E4-10 and E4-11

Questions 13 and 14

 ACC 349 Week 3 Team Assignment Case Study Ch. 4

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Prepare written responses to the following case study from Ch. 4 of Managerial Accounting: Tools for Business Decision Making:

 

Managerial Analysis BYP 4-2

 ACC 349 Week 3 Team Assignment Part 1 (Jeemp Farms)ACC 349 Week 3 Team Assignment Part 1 (Jeemp Farms)

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Read the following scenario below:

Leighton Beridon owns "Jeemp Farms", located near Weimar, TX. The farm produces pecan trees and sod. He has so many orders from the Houston metropolitan area that he is able to sell all his inventory each year, but he is not netting as much as he has in past years. His daughter, LieslBeridon, came home from college over Thanksgiving and mentioned ABC costing, which she learned about in her cost accounting class. Mr.Beridon does not really know what ABC costing is and is skeptical as to whether it would be right for his business. He has hired your company to educate him about ABC and whether or not he should use an ABC system. Over the next few weeks, you will work towards helping Mr.Beridon decide what is the best route for his company to take. 

 ACC 349 Week 3 Team Assignment Problems Ch. 4

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Prepare written responses to the following problems from Ch. 4 of Managerial Accounting: Tools for Business Decision Making:

 

Problems P4-3A and P4-4A

 ACC 349 Week 4 Connect Problems (with Excel Sheet)

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This Tutorial contains Excel Sheet which can be used for any values

 

 

Q-1

 

Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company’s planning budget for May appears below:

During May, the company’s activity was actually 340 diving-hours. Complete the following flexible budget for that level of activity.

 

 

 ACC 349 Week 4 Discussion Question 1

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What are some of the advantages and disadvantages of standard costs? How do managers determine what the standard cost should be? Describe the effect of inaccurate standard costs on financial reporting.

 ACC 349 Week 4 Discussion Question 2

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When should variances be investigated? Who should be responsible for correcting a negative variance? Why? What are some factors that can lead to variances? How can variances be corrected?

 ACC 349 Week 4 Individual Assignment Ch. 5 and 6

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Prepare written responses to the following assignments from Managerial Accounting: Tools for Business Decision Making:

 

Ch. 5 – Exercises E5-1 and E5-9

Ch. 6 – Exercises E6-7 and E6-10

 ACC 349 Week 4 Team Assignment Case Study Ch. 6

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Prepare written responses to the following case study from Ch. 6 of Managerial Accounting: Tools for Business Decision Making:

 

Managerial Analysis BYP 6-2

 ACC 349 Week 4 Team Assignment Part 2 (Jeemp Farms)

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Mr.Beridon received your requests for information and returned data which you have compiled in an Microsoft® Excel® spreadsheet (see document template). He also said, "We grow sod and trees at Jeemp Farms. We sell the sod mainly to home builders in the area, although we sell to some individuals who are purchasing square footages to re-sod their yard. Many home builders will purchase to sod an entire subdivision. They then may come back to us to purchase trees for the yards. It really is a package deal. For builders like that, we are a one-stop-shop.  In most cases, however, we sell the trees to orchards and some individuals. The purchaser is responsible for all shipping costs related to their product.

     "Our production process is different for each product. For sod, we plant the seed, irrigate, cut, and roll the sod and then transport it. For the trees, we plant the root stock, graft the tree, water until a particular maturity and then dig it up and sell it. We inspect the plants as needed to make sure we are producing a quality product that is disease-free.

 ACC 349 Week 4 Team Assignment Problems Ch. 7

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Prepare written responses to the following problems from Ch. 7 of Managerial Accounting: Tools for Business Decision Making:

 

Problem P7-1A

 ACC 349 Week 5 Connect Problems (With Excel Sheet)

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Week 5

 

• Question 1    Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below:

                                   Standard

 

During the most recent month, the following activity was recorded:

a. Twelve thousand four hundred pounds of material were purchased at a cost of $2.90 per pound.

b. The company produced only 1,240 units, using 11,160 pounds of material. (The rest of the material

purchased remained in raw materials invent
 ACC 349 Week 5 Discussion Question 1

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What is a master budget? What are some of the underlying budgets that form the master budget? What is the budgeting process at your organization? Is it effective? Why or why not?

 ACC 349 Week 5 Discussion Question 2

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What is the difference between external and internal pricing? What factors must be considered when setting internal transfer pricing between divisions of a company? What are the different methods of setting internal transfer pricing? Which is the most effective? Why?

 ACC 349 Week 5 Individual Assignment Ch. 8, 9 and 11

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Prepare written responses to the following assignments from Managerial Accounting: Tools for Business Decision Making:

 

Ch. 8 – Exercises E8-11

Ch. 9 – Brief Exercises BE9-6 and BE9-8

Ch. 11 – Questions 2 and 11

Ch. 11 – Exercise E11-6

 ACC 349 Week 5 Signature Assignment Ethics on the Job (2 Papers)

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This Tutorial contains 2 Papers

 

About Your Signature Assignment

Signature/Benchmark Assignments are designed to align with specific program student learning outcome(s) in your program. Program Student Learning Outcomes are broad statements that describe what students should know and be able to do upon completion of their degree. Signature/Benchmark Assignments are graded with a grading guide or an automated rubric that allows the University to collect data that can be aggregated across a location or college/school and used for course/program improvements.

Format your assignment to APA standards.

 ACC 349 Week 5 Team Assignment Problems Ch. 8 and 11

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Prepare written responses to the following problems from Managerial Accounting: Tools for Business Decision Making:

 

Ch. 8 – Problem P8-2A

Ch. 11 – Problem P11-4A

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