Cost accounting data and principles, Cost Accounting

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Questions

What are your recommendations to Ted Lapres? What aspects should he keep, what should he change, and in what sequence should he make the changes?
• Do you think the Daily P&L should be continued? Was it based on good cost accounting data and principles?
• What other measures would you recommend? Should Nypro replace the Daily P&L or should the other measures be additional?
• Do you see any opportunity to employ an ABC type cost system?
• Given the daily and monthly reports, was this enough control to manage this growth company? Did Nypro need more balance in its reporting system?
• Is the reporting and measurement system consistent with Nypro's organization and entrepreneurial culture?


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