QUESTION 17
Which one of the following activities is not a pan of the data mining process?

QUESTION 18
Product liability is best classified as an example of

QUESTION 19
A company’s controller is preparing to allocate service department costs. The controller would like to use a cost allocation method that would be most accurate. The method the controller would most likely use is the

QUESTION 20
Trans Action inc. (TAI) is a multidivisional supplier of power train components to the automobile industry.
Following is selected information for the year just ended for each of the three divisions. Gear Axle and Housing.

The tai Board of Directors has decided to reward the employees or the divisions by allowing them to share in a bonus pool equal to S100.000 for each percentage point the return on investment (ROI) earned by their division exceeded the ROI of comparable firms as shown in the table below.

Rank the amounts in the bonus pools for the respective divisions from highest to lowest.

QUESTION 21
A new restaurant chain has installed a new restaurant management system. However many employees have complained that the restaurant management system is not user-friendly and has caused many customer service issues. Which one of the following may help to improve system performance?

QUESTION 22
A company’s return on investment will increase it expenses decrease by $100 and

QUESTION 23
To prevent cyoeratiacks. a company recently implemented penetration testing wnich one of tne following statements best descnbes this test?

QUESTION 24
The amount of the loss on the impairment of an intangible asset equals the

QUESTION 25
The best way to illustrate the entire distribution of numerical data for a single variable is with a

QUESTION 26
The master budget for a company contains me following production requirements.
Quarter 1- 50,000 units
Quarter 2 – 55,000 units
Quarter 3 – 45,000 units
Quarter 4 – 52,000 units
Each unit of product requires four pounds of direct material. The company has a policy to begin each quarter with an inventory of aired materials equal to 20% of that quarter’s direct material requirements The budgeted direct mate da I purchases for the third quarter would be

QUESTION 27
One major output of an accounting information system’s financing cycle is a summary of

QUESTION 28
The purchasing team manager of a large car retailer is responsible for purchasing cars for the Pest price and managing his team’s payroll costs. Once the car is purchased the sales team manager is responsible for setting the prices. Which one of the following statements best describes the team s responsibilities’?

QUESTION 29
A building materials retailer uses a LIFO method of valuing its inventory. The company has just introduced a new product. The following is the activity for the first month of this new product.
* Purchase of 3,000 units on the 2nd of the month at $5.00.
* Purchase of 6,000 units on the 12th of the month at $4.80.
* Purchase of 2,000 units on the 31st of the month at $5 60.
* Sales of the product were 4,000 units on the 20th of the month.
Using the periodic method, the ending value of the inventory would be

QUESTION 30
Which one of the following best describes the difference between a normal costing system and an actual costing system?

QUESTION 31
Which statement below best describes the relationship among a company’s organizational structure, policies.
objectives and the effectiveness of the control environment?

QUESTION 32
Stone Ltd manufactures socket wrenches .The company produced 400 000 wrenches and sold 350,000 this year. The following information pertains to the costs accumulated in Stone’s inventory.

What is the difference between Stones operating income under absorption costing and variable costings

QUESTION 33
Which of the following represents a significant deficiency m the design of controls?

QUESTION 34
A company had 100.000 shares of common stock issued and outstanding at January 1. During the year, the company took the following actions:

QUESTION 35
A heating. ventilation, and air conditioning (HVAC) company estimates that n takes a new team of technicians
100 labor hours to install its first HVAC system and that there is an 80% learning rate What are the estimated total labor hours for a new team to complete its first four installations?

QUESTION 36
What is ZF’s expected variable overhead cost per pound of food produced? Snow your calculations Essay Zhiliang Foods Inc. (ZFI) is a privately-held food distributor ZFI has two production departments’ the Meat Department is labor-intensive. while the Bakery Department is highly automated ZFI applies a single overhead allocation rate, using the number of pounds produced as an allocation base for the whole company The expected annual overhead costs of ZFI for 100 million pounds produced are as follows (¥ in millions).

ZFI has one payroll administrator in its Human Resources department, but most of the payroll related work is outsourced to a payroll service provider ZFI’s payroll administrator is responsible for tracking the list of current employees and maintaining the most up-to-date employee information, including bank accounts for payroll direct deposits.
Each pay period, the payroll administrator emails the information for all current employees’ hours worked to the payroll service provider. The service provider then processes the payroll, makes direct deposits to employees’ bank accounts, mails payroll stubs to employees’ homes and emails payroll reports to ZFI’s payroll administrator. The payroll administrator then makes payroll journal entries to ZFI’s accounting system based on the payroll reports received ZFI’s accountant prepares a bank reconciliation each month to ensure ZFI s payroll payments on ZFI’s bank statement match the amounts shown on the payroll reports from the service provider.
ZFl’s management is evaluating the purchase of data encryption software and human resources management software next year. The human resource management software is expected to provide various human resources and payroll-related functions.
In addition, the human resource software can generate a report to indicate the monthly employee turnover rate and the average service length of employees who have resigned. The system can also generate a report to indicate the main reasons for resignations and identify current employees who are at risk of resigning. The system will recommend actions to help retain these employees, such as more training opportunities or a pay raise.