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Question - EE Sdn Bhd is a renowned manufacturing firm for the past 20 years. Recently, it has made some changes on how things work inside the organization in order to take advantage of the global market. Major process in the production has become more capital intensive and automated. Existing workers are being given on the job training to increase high skilled and educated workforce. However, the company is still implementing on the traditional based costing which result in unconvincing financial position. The chief financial officer (CFO) even stated "The traditional system is not useful in identifying problems". Briefly discuss two (2) likelihood of employee acceptance if ABC is implemented.
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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