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ADMS 2511 Chapter Notes - Chapter 8: Materials Management, Batch Processing, Business Process

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School
York University
Department
Administrative Studies
Course
ADMS 2511
Professor
Cristobal Sanchez- Rodriguez

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Document Summary

Tps they monitor, collect, store and process data generated from all business transactions. Have to handle both high volume and large variations in volume. Organizations try to automate tps data entry as much as possible because of the large volume, process is called source data automation . Collects data from transactions as they occur, placing them into groups: real-time/on-line transaction processing. Transactions are processed as soon as they occur. Provide info to mainly lower and middle-level managers in the various functional areas. Info system for departments: accounting and finance. Managing financial transactions: global stock exchange, multiple currencies. Keeping track of customers" needs and wants. Developing marketing strategy: production/operations management (pom) Product life cycle management (plm: human resource management. Hr planning and management: payroll, employee records, employee relationship management (erm) Includes requests for: drill-down reports, key-indicator reports, shows a deeper level of detail, drilling down , summarize the performance of critical activity, comparative reports, exception reports.

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Related Questions

1. A company incurs $3,600,000 of overhead each year in threedepartments: Processing, Packaging, and Testing. The companyperforms 800 processing transactions, 200,000 packagingtransactions, and 2,000 tests per year in producing 400,000 drumsof Oil and 600,000 drums of Sludge. The following data areavailable:

Department

Expected Use of Driver

Cost

Processing

800

$1,500,000

Packaging

200,000

1,500,000

Testing

2,000

600,000


Production information for the two products is as follows:

Oil

Sludge

Department

Expected Use of Driver

Expected Use of Driver

Processing

300

500

Packaging

120,000

80,000

Testing

1,600

400


The amount of overhead assigned to Sludge using ABC is

a.

$1,800,000.

b.

$1,657,500.

c.

$1,942,500.

d.

$1,380,000.

1. Compare source of capital processes with salesprocesses in terms of

a. the frequency of transactions;

b. the volume of transactions;

c. the magnitude in dollars of a single transaction; and

d. the manner of authorization.

EXERCISE 7-8 Computing and Interpreting Activity Rates [LO7-3] (This exercise is a continuation of Exercise 7–7; it should be assigned only if Exercise 7-7 is also assigned.) The manager of the Westfield branch of Security Home Bank has provided the follow- ing data concerning the transactions of the branch during the past year: Total Activity at the Westfield Branch Activity Opening accounts ......... Processing deposits and withdrawals ..... Processing other customer transactions ... 500 new accounts opened 100,000 deposits and withdrawals processed 5,000 other customer transactions processed The lowest costs reported by other branches for these activities are displayed below: Lowest Cost among All Security Home Bank Branches Activity Opening accounts ..................... Processing deposits and withdrawals ...... Processing other customer transactions .... $26.75 per new account $1.24 per deposit or withdrawal $11.86 per other customer transaction Required: 1. Using the first-stage allocation from Exercise 7-7 and the above data, compute the activity rates for the activity-based costing system. (Use Exhibit 7-7 as a guide.) Round all computa- tions to the nearest whole cent. 2. What do these results suggest to you concerning operations at the Westfield branch?