Categorize Each of the Following Activities into the Expenditure,conversion or Revenue

question 119

Essay

Categorize each of the following activities into the expenditure,conversion or revenue cycles and identify the applicable subsystem.
a.Preparing the weekly payroll for manufacturing personnel.
b.Releasing raw materials for use in the manufacturing cycle.
c.Recording the receipt of payment for goods sold.
d.Recording the order placed by a customer.
e.Ordering raw materials.
f.Determining the amount of raw materials to order.

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Definitions:

Direct Labor Hours

The total hours worked by employees who are directly involved in the production of goods or services.

Overhead Allocation Base

A measure or activity, such as direct labor hours or machine hours, used to allocate overhead costs to products or services.

Direct Labor Hours

Direct labor hours represent the total hours worked by employees directly involved in producing goods or providing services in a manufacturing or service setting.

Overhead Costs

Expenses related to the operation of a business that cannot be directly tied to a specific product or service.