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Question: Steve Adams Design is an architectural firm specializing in corporate projects such as commercial building architecture, interior decoration, master planning, and sustainable design and consulting. As part of its ICT asset management program, the IT director has asked you to build an Access database to manage the devices used by employees. The database will contain information about each device, such as manufacturer, model, date acquired, condition, purchase price, and current value.
Create an empty database named Adams. Download the Excel file Ch03Ex02 and import the two worksheets to tables in your database. Create a totals query to summarize the current value of equipment for each category. Create a report displaying the names and locations of employees who use laptop computers. Create a report displaying the names and locations of employees who use CAD systems.
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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