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You are the assistant accountant of a small manufacturing company. Your manager, who is not an accountant, is regarding to attend a meeting and is unsure about the meaning of certain terms that appear on the agenda.
Required
Produce notes on the subsequent two items to help your manager to understand their meaning:
I. Find the balanced scorecard and its perspectives on performance
II. Evaluate total quality management (TQM) and the costs of quality
Consider the alternative to trashing is choosing the more profitable of the two alternatives (that the new employee looked at and did not like). Find effect will the trashing option (that the new employee wants) have on net income
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Prepare the Income Statement for the year ended December 31, 2008 and Prepare the Statement of Retained Earnings for the year and Prepare the Balance Sheet at December 31, 2008
You should assume that direct fixed costs will be avoided if a model is dropped but common fixed costs will not be model is dropped. Describe why the method used to allocate costs at Lennon results in "unreasonably high" charges to the Model 599 pu..
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