it is Accounting Information System Question

Sure , i have 24hrs before the due date

7. Which of the following is not a problem internal control polis Supervisors verity the cry of employee time cards The personnel department is a personnel action form to the payroll department Pechecks are disted by an independent master The payable departe verifies the accuracy of the rollister before transferring pool funds 1 All are payroll system controls Which of the following is NOT a principle of lean manufacturing? 10 points Achieve high inventory turnover rate, b. All activities that do not add value and maximize the use of scarce resources must be eliminated c. Products are pushed from the production end to the customer d. A lean manufacturing firm must have established and cooperative relationships with vendors Cut It Up, Inc., is a manufacturer of wooden cutting boards that are sold through a chain of kitchen stores. For years, the company has allocated overhead based on tal machine hours. A recent assessment of over head costs has shown that these costs are now in excess of 40 percent of the company's total costs. As an attempt to better control overhead, Cut It Up is adopting an activity-based costing system. Each cutting board goes through the following processes: a. Cutting-Boards are selected from inventory and are cut to the required width and length. Imperfections in boards (eg, knots and cracks) are identified and removed. b. Assembly-Cut wooden pieces are laid out on clamps, a layer of glue is applied to each piece, and the glued pieces are clamped together until the glue sets. c. Shaping Once the glue has set, the boards are sent to the shaping process, where they are cut into specific shapes. d. Sanding - After being shaped, the cutting boards must be sanded smooth. e. Finishing-Sanded cutting boards receive a coat of mineral oil to help preserve the wood f. Packing ---Finished cutting boards are placed in boxes of 12. The boxes are sealed, addressed, and sent to one of the kitchen stores Required Fill in the blank at the end of each process with the most logical cost driver from the following 3 choices Labor Hours Machine Hours Number of Items 25 points What are the key components of the Lean Manufacturing Process? Be sure to check your readingl 15 points 1. Discuss the dire Discuss the differences between internal and external users of information and their needs and demands on an information system. In your opinion your opinion what type of information and users are more important to a company's growth. 10 points 2. Describe what you believe to be the level of financial detail necessary for 10 points operations management middle management stockholders. 3. Distinguish between financial and nonfinancial transactions. Give three examples of each. 10 points 4. Categorize each of the following activities into the expenditure (E), conversion (C), or revenue (R)cycles Spalats a. Preparing the weekly payroll for manufacturing personnel b. Releasing raw materials for use in the manufacturing cycle e. Recording the receipt of payment for goods sold d. Recording the order placed by a customer e. Ordering raw materials f. Determining the amount of raw materials to order For the Best internal control, Which functions should be segregated? 5 points a. Authorizing credit and determining reorder quantities b. Picking goods from the warehouse shelves and updating the inventory subsidiary ledger c. Billing customers and posting the bills to the sales journal d. Providing information on inventory levels and reconciling the bank statement Which one of the following functions is responsible for submitting employee pay rate changes? 5 points a. Payroll b. Treasurer c. Cash disbursements d. Personnel e. None of the above