Answer the questiоn аnd be specific аnd tо the pоint. Any flexibility in the question is to give the student the option to choose which аpproach or report to describe or to use in answering each part of the question. Quantity (count of words) is not the main objective or focus of this exam. VII-a List and briefly describe, in order of occurrence (points deduction for different order), the types of: Tables (data files; master and transaction tables) Source documents (forms or electronic forms/screens), and Transactions (activities/procedures) which an accounting Information System (IS) may utilize and/or generate in the following two manufacturing activities: Requisition and Conversion of raw materials into finished or assembled products [if needed, utilize the Sage50 exercise or articles and cases to help answering this and other following questions]? VII-b Explain what is the Bill of Material (BOM) and how it interacts with or affects the data tables/files and business processes. Explain what is the BOM used for in the manufacturing cycle? (Hint: use one part’s BOM you used in the Sage 50 exercise to explain the terms, concepts, etc…). VII-c What are the possible methods of including actual or standard overhead (OH) costs in costing of jobs or parts manufactured? List these methods and explain very briefly which is more practical and why? [DO NOT discuss how to calculate OH costs or basis of allocation, i.e. no Activity Base Costing (ABC) discussion, but how the already calculated OH cost is assigned to jobs/parts in the Information System (IS or software)]? VII-d What are the major two classifications or types of costs [the third is overhead and covered in preceding question c], sources of these two costs (which activity generates/captures that cost) and how the IS includes those costs in the job or the part manufactured (assigned directly or/and indirectly)-[DO NOT discuss basis of allocation (Activity Based Costing-ABC costing]? VII-e Is the manufacturing business exempt from sales tax? If yes or no, are all supplies and materials purchased by a manufacturing business exempt from sales tax? If not all items are tax exempt, list the main categories of materials that are exempt, AND Identify and briefly Describe the main determining factor(s) used to make the item exempt from sales & use tax? VII-f One student said that the Chart of Accounts provided in Sage 50 company file had an inventory account to capture raw material stock items. The student wanted to add another COA account to capture the stock items which are not manufactured but used in assembling the finished good (as in Sage 50 exercise). Briefly explain what is the type of stock item the student is talking about, what is it named in manufacturing process and information system, and how it differs from raw material and finished goods?