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The balanced scorecard is very popular. It's often called by other names such as a dashboard report or a flash report. Think of the dashboard on your car - it gives you all the information you need in order to drive the car successfully. That's the idea behind the balance scorecard. You have all the information you need in one report so you can make decisions in your business!
What information would you want on your report if you were a business owner? How could we structure this report to tie in with our thoughts on locust of control? Will this tool work under those presumptions or does the balanced scorecard defy the notion of segregating areas of control?
Group, your thoughts?
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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