Distinguish between continuous, batch, and made-to-order processing.

Q: How much is the Total Processing time needed using machine A?

A: Processing time is the time taken by a machinery to process a product or a service as per the…

Q: What are unit-level, batch-level, product-level, customer-level, and organization-sustaining…

A: ABC method: ABC method is activity based cost accounting. It's the new method of accounting where…

Q: Which of the following general data flows is shown on a computerized system flowchart? O…

A: Data flow is defined as the path for the data to move from one part of the information system to…

Q: ork in process -End in Dep

A: Process costing is a method of cost accounting, which is used where there is continuous production…

Q: What are the major functions performed by the OE/S process?  Explain each functions.

A: Order-to-cash process or revenue process is the process undertaken for making sales and receiving…

Q: What are the primary objectives of a batch control?

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Q: What is the control issue related to reentering corrected error records into a batch processing…

A:

Q: Name the major subsystems of the conversion cycle.

A:

Q: How are equipment setups classified? Batch-level activity Product-level activity Facility-level…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Distinguish between customer-response time and manufacturing cycle time.

A: Customer response time: Customer response time is the time lag between the receipt of an order and…

Q: How do you find the ending work in process inventory?

A: Raw material means the material purchased and still not enter in to the production lines. Work in…

Q: What factors influences the decision to employ real time data collection with batch updating rather…

A: Batch Processing through Real Time Data collection system:Real time processing process the…

Q: What is the most crucial aspect of the transition from serial to batch processing?

A: Batch accounting is referred as the transferring system of an items from the ledger, journal, and…

Q: Differentiate order-generating expenses from order-processing expenses.

A: The expenses are incurred to generate revenues. The company has to incur operating expenses while…

Q: What are the strengths and weaknesses of a batch process with sequential files?

A: In a sequential file processing in batch mode, the master file is updated by incorporating the…

Q: explain the requirements for segment reporting, and calculate and interpret segmentratios;

A: Definition: Segment reporting: Segment reporting refers to the process of preparing accounting…

Q: Define Work-in-process inventory.

A: Definition:   Inventory refers to the raw materials, work-in-process, and the finished goods…

Q: Briefly differentiate between activity-based and time-based allocation methods.

A: Allocation method:The allocation method is referred to as the method in which the allocation base is…

Q: Analyze the system flowchart, and describe in detail the processes that are occurring.

A: Transaction Process System: (1) Transaction process system also helps a business to process all the…

Q: Explain manufacturing cycle time.

A: Definition:   Product costs: The costs incurred to acquire the merchandise, ship the stock, prepare…

Q: omputerised cost

A: The computerized accounting system is an accounting data system that processes financial…

Q: Define outsourcing.

A: Outsourcing: Outsourcing refers to hiring another company, to undertake a business process of the…

Q: Distinguish between batch and real-time processing.

A: Transaction process system:   Transaction process system can be defined as a system designed to…

Q: What document signals the completion of the production process?

A:

Q: What are the categories of processing controls?

A: Internal Control:   It is a process of assuring the effectiveness and efficiency of the objectives…

Q: Why are denormalized tables used in data ware-houses?

A: Data Warehouse:   Data warehouse is also termed as enterprise data warehouse. It can be defined as…

Q: What is the objective of output controls? List and briefly describe different output controls.

A: Output control guaranteed that the program's result was precise and complete. Output control focuses…

Q: Distinguish between computer-aided design and computer-aided manufacturing.

A: Computer-Aided Design: Computer-aided design software brought the revolution in processing through…

Q: The process of making the units of the filing name (pr segment) by which the record is to be stored…

A: The process of making the units of the filing name by which the record is to be stored is called…

Q: Distinguish between an edit run, a sort run, and an update run.

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Q: Define the term process-costing system.

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Q: Compute for Delivery Cycle time

A: Delivery cycle time is the time which a business takes to complete an order to deliver the order…

Q: What type of internal control is preparing batch totals for check processing?

A: Internal controls: It refers to those rules and procedures that are implemented by an enterprise for…

Q: In one sentence, what does updating a master file record involve?

A: Definition: Database: A database can be defined as a collection of structured data that is stored in…

Q: How are system flowcharts and program flow charts related? (this is related to accounting…

A: System flowcharts refer to the concept of showcasing the whole route of data flows in a system and…

Q: Give an example for each of the following control activities in the conversion cycle: transaction…

A:

Q: Identify the two main types of software.

A: two main types of software used in accounting -   ** tally software which is application software.…

Q: ntained in a product structure diagram?

A: Given: To analyse the information being present in the product structured information as follows,

Q: A/an __________ approach actually schedules in detail eachresource using the setup and runtime…

A: In terms of the manufacturing in the company, finite capacity scheduling also known as finite…

Q: Define and explain the two major subsystems of the cost management information system.

A: The Cost Accounting Information System (CAIS) is a monetary accounting system that calculates the…

Q: Define and explain the cost management information system's two major subsystems.

A: The Cost Accounting Information System (CAIS) is a financial accounting system that computes and…