Discuss the Accountant's Involvement in Systems Selection Including

question 170

Essay

Discuss the accountant's involvement in systems selection including:
1.As an analyst
2.As consultant
3.As a user
4.As an internal auditor

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Definitions:

Direct Materials

Raw materials that are directly traceable to the production of a specific good or service and are a significant portion of the production cost.

Standard Quantity

The expected amount of materials or inputs required to produce a unit of product under normal operating conditions.

Direct Materials Quantity Variance

The variance between the real amount of direct materials consumed during manufacturing and the anticipated standard amount.

Standard Materials Quantity

The expected amount of materials that should be used for the production of a certain number of units, as set by a company's standards.