This question appeared in the June 2015 exam. The following statements have been made about transaction processing systems and executive information systems:
(1) A transaction processing system collects and records the transactions of an organisation
(2) An executive information system is a way of integrating the data from all operations within the organisation into a single system
Which of the above statements is/are true?
Which of the following correctly describes a management information system?
Which of the following combinations describe the purposes of management information?
Which of the following statements is/are true?
(1) Enterprise Resource Planning (ERP) systems use complex computer systems, usually comprehensive databases, to provide plans for every aspect of the business.
(2) Enterprise Resource Planning (ERP) systems are accounting oriented information systems which aid in identifying and planning the enterprise wide resources needed to resource, make, account for and deliver customer orders.
Run-Smart Co manufactures sports clothing for professional athletes. Products are designed to prevent injury and aid the post-exercise recovery process. The company regularly seeks feedback from athletes regarding the effectiveness of products and recommendations to take forward.
Required
Explain which kind of marketing system the organisation has.
What can strategic management accounting provide information or guidance about to a business?
Where would you most likely find information concerning the frequency of machine breakdowns causing lost production?
SG Co budgeted to make and sell 900 units of product M during September. The standard selling price per unit of M is $27. At the beginning of September, a new competitor entered the market and SG Co was forced to reduce the selling price in order to maintain sales volumes. By the end of September, 900 units had been sold for a total of $18,000. In retrospect it is decided that a realistic standard selling price for September, given the unexpected extra competition, was $18 per unit.
Calculate the sales price planning variance.
$ ______Adverse / Favourable (select the correct option)
【论述题】
Calculate the total labour rate and total labour efficiency variances for November, based on the standard cost provided above.
Analyse the total labour rate and total labour efficiency variances into component parts for planning and operational variances in as much detail as the information allows.