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"As global competition increases, businesses are being pressured to reach higher levels of productivity to price their products and services competitively." Explain how management accountants can play a role in helping management meet these challenges.
1 Highlight challenges that companies are facing (Product Diversity, Quality services, etc..) Discuss some of the areas in economic sense that companies have to deal with Customer Sovereignty - The needs and wants of customers Privatisation giving rise to more competition Government intervene on areas of regulations that pose a problems to companies Tight control of labour - making labour costly and the impact on industries which are labour intensive 2 Discuss the increasing global competition Give realistic figures like GDP growth in Singapore context Reason for such increase in global competition Impact on local companies Increasing the market share; having a greater market share 3a How to attain higher levels of productivity Through the use of contemporary management tool and accounting Such as ABC, TQM & Evaluating environmental costs Cross subsidisation Through what means? Discuss about technology, training, education, people & efficiency Product being produced at lower cost makes it more price competitive3b Discuss & give real life examples on the service & product line How does increase in level of productivity value-add to pricing in the two different industries 5 Challenges that accountants are facing and affecting their contribution to the company Discuss about their roles in helping to overcome these adversities
AirPro Corp. reports the following for November. Compute the controllable overhead variance for November.
Refer to the data in Exercise. In Exercise, Back Mountain Industries (BMI) has two divisions: East and West. BMI has a cost of capital of 15%. Selected financial information (in thousands of dollars) for the first year of business follows:
Your report should also include a narrative explanation of how it is possible for operating activities to simultaneously produce a positive net income and negative net cash flows.
Use a vertical model to show the 2013 income statement, balance sheet, and statement of cash flows under FIFO, LIFO, and weighted average.
1.The following data refers to one month. Fill in the blanks.
Prepare a flexible budget performance report that shows both activity variances and revenue and spending variances for the pizzeria for October.
Assume that the company uses the FIFO method of accounting for units and costs.
Sharp Edges makes specialty skates for the ice skating circuit. On December 31, 2012, the company had
Mahugh Company, which has only one product, has provided the following data concerning its most recent month of operations.
Pacific Ink had beginning work in process inventory of $744,960 on October 1. Of this amount, $304,920 was the cost of direct materials and $440,040 was the cost of conversion.
UNIT2 BD 4PARAGRAPH. What additional factors must the controller consider before deciding on an allocation base for the indirect manufacturing cost assignment to the departments?
The ending inventory was 80% complete with respect to materials and 20% complete with respect to conversion costs - the cost per equivalent unit for materials for the month in the first processing department is closest to
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