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Scenario
You have reached the final round of interviews to be the company's brand-new Financial Manager! For this interview, you have been asked to develop a report that analyzes the company's current finances and makes recommendations for the company's future based on your financial analyses. Remember - the pressure is on - you need to make a splash! Let's see those original ideas!
You will provide a thorough and detailed executive summary highlighting your chosen company's most relevant financial points for Executive Summary. In a company's 10-K report, the Management Discussion and Analysis section (usually toward the start of the report) is a great place to start.
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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