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The Vice President of Operations would like to increase profitability, improve customer service, and expand the business. Even though the external accounting department spends 5 days preparing each quarter's financial statements and disclosures, she does not examine those financial statements issued to the company shareholders.
You are to attend an afternoon meeting to discuss why this is the case. You have been assigned the task of examining the pertinent information and proposing two recommendations for the Vice President. These recommendations are to take effect at the end of the quarter.
Create a word document presentation outlining your recommendations. Include all your supporting material.
# Objective: Discuss the role of performance measures in an organization.
# Describe the functions of managerial accounting and the external uses of accounting.
Calculate the cost per equivalent unit for each of the 3 cost items and in total. Calculate the cost of items completed in Aug and the cost of ending work in process inventory. Reconcile the sum of the 2 costs in part b to the sum of beginning WIP an..
Explain how a shift in the sales mix among 3 products (even if the total sales remain the same,as planned, say $500,000 ) could result in both a higher break-even point and a lower net operating income.
Dealing with people is probably the most difficult thing we will ever encounter in life.
Discuss how a budget could help you personally or your organization accomplish the objectives of long range plan developed for you personally or for your organization.
Company uses a process cost system. The company started march with 2,300 units in work in process-department A. During the month 4,000 units were started. At the end of the month there were 3,200 units in ending work in process-dept.
Why do you think companies make mistake of only paying close attention to the static budget? Is it just not wanting to spend the time and money?
Detailed solution outlines market segment which visits candystand.com and describe how to estimate the target audience.
Using your current work organization (or an organization of interest) as the subject matter, research the elements of business and prepare an APA formatted paper that:
What are the two potential problems in relevant-cost analysis? Give an example of an irrelevant cost. What makes the example irrelevant.
When determining end of period production cost variances, which of the following product costs components will require flexing?
Hoover Inc. uses a job-order coding system. The company's inventory balances on February 1, the start of its fiscal year, were as follows:
Under what method does the balance in allowance for doubtful accounts have no bearing on the journal adjusting journal entry?
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