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Questions -
Q1. What and explain the basic stages of a management consulting engagement.
Q2. Describe the responsibilities of the following consultant.
a. Partners or Principals
b. Managers
c. Senior Consultant
d. Associate Consultant
Q3. Give and briefly explain 4 reasons for hiring management consultant.
Q4. Explain the meaning of a consultant.
Q5. In what ways can a consultant add value to the client.
Calculate the quantity of work in process (WIP) inventory in the Mixing department, and analyze the conversion cost (after computing it).
Classify all manufacturing costs and selling and administrative expenses as either variable or fixed and prepare a contribution margin income statement separating all variable and fixed costs into their own categories.
What is the total number of units which must be made and sold to make a profit of £45,000? A company makes and sells product X and product Y.
How we measure performance. How might our measurements have an impact on how the manager behaves - Though we aren't addressing compensation
what conditions would it be appropriate to use a process costing system? Understand with a detailed reasoning to support. Explain in detail with an example.
The journal entry to record the allocation of any underapplied or overapplied overhead for August would include -Evaluate the contribution margin per unit
Use the payback method to determine if the contract should be accepted. Assume GH Company requires a four-year payback period.
The other fixed expenses would be eliminated if a model is phased out. Compute current net income for Cawley Company
Ramsey believes the machine will produce the intangible benefit of greater customer satisfaction. How much per year must Ramsey be willing to pay
Express the following comparative income statements in common size percents and assess whether or not this company's situation has improved in the most recent year (round the percents to onedecimal).
Determine the working capital and current ratio for 20Y2 and 20Y1. Does the change in the current ratio from 20Y1 to 20Y2 indicate a favorable change
Should the company accept the special order, and why? What could be the implications? ABC Company has 12,000 units capacity and projected to produce
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