Question
In: Accounting
An information system: is a different from a data processing system because it uses computers. is...
An information system:
is a different from a data processing system because it uses computers.
is not generally used for transaction processing
is composed of only the computer-based information resources of an organization
may consist of both computer-related and manual components
Solutions
Expert Solution
QUESTION : AN INFORMATION SYSTEM :
ANS : May consist of both computer-related and manual concepts.
The main components of information systems are computer hardware and software, telecommunications, databases & data warehouses , human resources and procedures. Therefore it is clear that an information system is the combination of both computer-based and manual concepts.
incorrect options : an information system is different from data processing system, but both systems are using computers for their functions.
incorrect option : An information system is also used for the transaction process of organizations. A transaction processing system is an information system used for business transations, includes; collection, modification and retrieval of all transaction data.
incorrect option : an information system is composed in the manner of socio techniqual perspective. Information system is the combination of both people and computers that processes or interprets information.
ekkarill92 answered 1 year agoRelated Solutions
Iowa Company uses a process costing system. Operating data for the first processing department for the...
Iowa Company uses a
process costing system. Operating data for the first processing
department for the month of June appear below:
Units
Percent
Complete with Respect to Conversion
Beginning
work-in-process inventory
15,000
30%
Started into
production during June
75,000
Ending work-in-process
inventory
20,000
70%
According to the
company's records, the conversion cost in beginning work-in-process
inventory was $49,920 at the beginning of June. Additional
conversion costs of $855,120 were incurred in the department during
the month.
1. How many
units...
Iowa Company uses a process costing system. Operating data for the first processing department for the...
Iowa Company uses a process costing system. Operating data for
the first processing department for the month of June appear
below:
Units
Percent Complete with Respect to Conversion
Beginning work-in-process inventory
12,000
60%
Started into production during June
80,000
Ending work-in-process inventory
18,000
40
%
According to the company's records, the conversion cost in
beginning work-in-process inventory was $44,530 at the beginning of
June. Additional conversion costs of $832,150 were incurred in the
department during the month.
How many units...
Metal Corporation uses a process costing system. Data concerning the first processing department for the most...
Metal Corporation uses a process costing system. Data concerning
the first processing department for the most recent month are
listed below:
Beginning work-in-process inventory:
Units in beginning work-in-process inventory
1,200
Materials costs
$
9,120
Conversion costs
$
15,840
Percent complete with respect to materials
40
%
Percent complete with respect to conversion
30
%
Units started into production during the month
8,000
Materials costs added during the month
$
120,800
Conversion costs added during the month
$
284,000
Ending work-in-process...
Illustrate the data processing cycle and explain each phase in relation to an accounting information system...
Illustrate the data processing cycle and explain each phase in
relation to an accounting information system with appropriate
example at each stage.
DATA -(INPUT)- Processing (storage)-Output- Information
Illustrate the data processing cycle and explain each phase in relation to an accounting information system...
Illustrate the data processing cycle and explain each phase in
relation to an accounting information system with appropriate
example at each stage. DATA -(INPUT)- Processing
(storage)-Output- Information
Discuss the historical development and of the evolution of file system data processing starting from the...
Discuss the historical development and of the evolution of file
system data processing starting from the file-based system of the
past to today. Make sure you explain why file systems were
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Briefly describe how your file system works. Be sure to respond to
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Smith Manufacturing uses a process cost system to manufacture laptop computers. The following information summarizes operations...
Smith Manufacturing uses a process cost system to manufacture
laptop computers. The following information summarizes operations
relating to laptop computer model #KJK20 during the quarter ending
March 31:
Units Direct
Labor
Work-in-process inventory, January 1
100
$50,000
Started during the quarter
500
Completed during the quarter
400
Work-in-process inventory, March 31
200
Costs added during the quarter
$720,000
Beginning work-in-process inventory was 50% complete for direct
labor costs. Ending work-in-process inventory...
Mullins Corporation uses the FIFO method in its process costing system. Data concerning the first processing...
Mullins Corporation uses the FIFO method in its process costing
system. Data concerning the first processing department for the
most recent month are listed below:
Mullins Corporation uses the FIFO method in its process costing
system. Data concerning the first processing department for the
most recent month are listed below:
Beginning work in process inventory:
Units in beginning work in process inventory
1,100
Materials costs
$
12,300
Conversion costs
$
22,600
Percent complete with respect to materials
75
%
Percent...
Mullins Corporation uses the FIFO method in its process costing system. Data concerning the first processing...
Mullins Corporation uses the FIFO method in its process costing
system. Data concerning the first processing department for the
most recent month are listed below:
Beginning work in
process inventory:
Units in beginning
work in process inventory
1150?
Materials
costs
$
12,400?
Conversion
costs
$
22,650?
Percent complete
with respect to materials
75?
%
Percent complete
with respect to conversion
65?
%
Units started into
production during the month
9500?
Units transferred
to the next department during the month
8700?...
Mullins Corporation uses the FIFO method in its process costing system. Data concerning the first processing...
Mullins Corporation uses the FIFO method in its process costing
system. Data concerning the first processing department for the
most recent month are listed below:
Beginning work in process inventory:
Units in beginning work in process inventory
1,300
Materials costs
$
12,700
Conversion costs
$
22,800
Percent complete with respect to materials
75
%
Percent complete with respect to conversion
65
%
Units started into production during the month
9,800
Units transferred to the next department during the month
9,000...
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