ACCT 311 HW # 18 - Accounting 311 Problems 12-3...

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Accounting 311 Problems: 12-3) a. b. Yes c.Yes d.Yes eYes a. b. No c.Yes d.Yes eYes 12-7) Since it is updated in batches this could result in a miss match of data in the accounting system and the inventory on the shelves. This could also be the reason why their was a huge opportunity cost from last year of lost sales. Another potenital problem would be that parts were being delayed on the assmebly line because workers were switching jobs. This could also cause a mismatch in the accounting records because the conversion cycle might have costs computed using standard rates then charged to WIP. The actual is much longer then the standard thus is causing a large mismatch. to establish a secure computer to computer exchange of data in standard formats so it can be easily read and updated constantly. This would solve the mismatching problem that currently exists in the company.
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  • Spring '08
  • Staff
  • Accounting, Balance Sheet, conversion cycle, Dr. Plant Assets, Cr. Current Liabilities, periodic inventory ysstem

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