110.In a process operation, the direct labor of a production department includes: A.All labor used exclusively by that department, even if the labor is not applied to the product itself. B.All labor used exclusively by that department, but only if the labor is applied to the product itself. C.All labor for that department, including labor for services that help more than one production department, […]
51. Which of the following debt management ratios is the most inclusive for measuring the degree to which a company relies on outsiders for financing? A. Debt to equity ratioB. Times interest earned ratioC. Long-term debt to equity ratioD. Long-term debt to total assets ratio 52. Below are selected financial data for Bouquet, Inc. 2012 2011 Total liabilities $1,205,000 $952,000 Common stock 250,000 225,000 Additional paid-in capital 150,000 […]
41.The Boyle Company estimated that April sales would be 150,000 units with an average selling price of $6.00. Actual sales for April were 149,000 units and average selling price was $6.12.The sales revenue flexible budget variance was: A. $6,120 favorable. B. $6,000 unfavorable. C. $17,880 favorable. D. $17,880 unfavorable. 42.The Boyle Company estimated that April sales would be 150,000 units with an […]
104. Refer to the information above. Book value per share of common stock (rounded to the nearest penny) is: A. $30.20 per share. B. $28.20 per share. C. $31.80 per share. D. $38.20 per share. 105. The following two items are disclosed in the stockholders’ equity section of Riverside Corporation’s December 31, 2009, balance sheet: If the company had reacquired 700 shares of treasury stock in […]
61) What is the Machining Department’s allocation of both service departments respectively if their complete reciprocated cost were $375,000 for Plant Maintenance and $100,000 for Data Processing? 61) ______ A) $281,250 and $12,500 B) $337,500 and $200,000 C) $337,500 and $12,500 D) $131,250 and $84,375 E) $112,275 and $74,468 62) What is the Capping Department’s total cost if both service departments are allocated using […]
Multiple Choice Questions 30.Which of the following is not a commonly used cost accounting system? A. Manufacturing yield costing. B. Job order costing. C. Process costing. D. Activity-based costing. 31.An effective cost accounting system should match processes that consume resources with the associated _____ in order to maintain competitive advantage. Select the best answer to complete the sentence. A. Sales B. Shareholders […]
71. Which of the following are advantages of using the plantwide overhead rate method?A. The use of cost pools is considerably more accurate than other overhead allocations.B. The necessary information is readily available.C. It is more accurate than traditional overhead allocations.D. Each department has its own overhead rate and its own allocation base.E. It takes into account that when products differ in batch […]
21.The going concern assumption is not applied to a. companies about to file for bankruptcy. b. companies that have been in existence for more than one year. c. companies that have sustained losses for the previous two years. d. companies that have been in existence for less than a year. 22.The going concern assumption helps solve the a. continuity issue. […]
Short Answer Questions The cost accountant for Sherman’s Co. prepared the following monthly performance report relating to the Production Department. 103. Compute the amounts that should be included for each of the following in a flexible budget prepared at an 11,000-unit level of production: a. Direct materials: $_____________ b. Direct labor: $_____________ c. Fixed manufacturing overhead: $_____________ 104. Assume that a […]
49.Which of the following statements is not correct? A. The entry to record the issuance of a promissory note includes a credit to Interest Payable for the amount of interest that will accrue on the note until it is paid at maturity. B. The Notes Payable account is always debited or credited for the face value of a note. C. The entry to record […]
Mini-Project Assignment #2
SAP vs. Oracle vs. Microsoft Dynamics: Strengths, Weaknesses, Tradeoffs and Trends
Purpose of the Assignment:
This assignment has a two-fold purpose:
1. To help students better understand Enterprise Resource Planning (ERP) and the three
leading ERP vendors: SAP, Oracle and Microsoft Dynamics.
2. To find out the strengths, weaknesses and tradeoffs that tend to neutralize the appeal of each of these leading ERP systems.
Requirements of the Assignment:
Visit the websites of SAP at http://www.sap.com, and Oracle at http://www.oracle.com, and Microsoft Dynamics at https://dynamics.microsoft.com/en-us/, then, identify the following:
1. The strengths, weaknesses and tradeoffs that tend to neutralize the appeal of each of these leading ERP systems;
2. Three major trends we would expect to see with SAP, Oracle and Microsoft Dynamics between now and the near future.
Write a short report on the findings of the above items 1 and 2 with appropriate comparison, contrast, analysis and discussion. The report should be in APA (American Psychology Association) style but without a cover pager. The report should be word-processed in Times New Roman 12 pt font and double spaced, with no less than FIVE double-spaced and numbered pages (with 1” margins on all sides), excluding figures, tables, illustrations, and references.
Fewer or more pages will result in points deduction.
The report should include the following parts (in order to save paper, no cover page! Otherwise, some points will be taken off):
▪ Your name and course information (in order to save paper, no cover page! Otherwise, some points will be taken off).
▪ Title of the report
▪ Abstract of the report (single spaced and in between the title and the Introduction)
▪ Introduction
▪ Main findings and major trends with comparison, contrast, analysis, and discussion
▪ Conclusion
▪ References (correct citations in APA format and not counted for the length requirement).
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