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The Vice President of Operations would like to increase profitability, improve customer service, and expand the business. Even though the external accounting department spends 5 days preparing each quarter's financial statements and disclosures, she does not examine those financial statements issued to the company shareholders.
You are to attend an afternoon meeting to discuss why this is the case. You have been assigned the task of examining the pertinent information and proposing two recommendations for the Vice President. These recommendations are to take effect at the end of the quarter.
Create a word document presentation outlining your recommendations. Include all your supporting material.
# Objective: Discuss the role of performance measures in an organization.
# Describe the functions of managerial accounting and the external uses of accounting.
Illustrate out the benefits of activity-based costing. Write down the limitations of activity-based costing.
Compare and contrast a static budget and the flexible budget in terms of both characteristics, timing and uses.
In brief describe and draw a diagram of the cost accumulation process for a traditional manufacturing company.
My company plans to build a new manufacturing facility in 14 years. If my company estimates that today's cost is 543,219,876 and the annual inflation is 5%, how much will be the manufacturing plant cost in 14 years?
Toni Rankin has been elected to handle the local Little Theater summer play. The theater has a maximum capacity of 1,000 patrons.
How is managerial accounting working for planning and controlling? Point out any specific roles of managerial accounting compared with other organizations.
Hampstead company's order entry department has 20 order entry operators. The cost associated with these 20 operators (salaries, fringe benefits, and supervision, as well as occupancy and equipment costs) is $873,600 per year.
Factors which must be taken in account when making decisions regarding price, such as any change in risk involved in cost-volume-profit structure; the link between short- and long-run prices
Calculate the total work done in equivalent units and the unit cost for April. Calculate the cost of units completed and transferred. Also, compute the costs in ending work in process.
We want a flexible budget because costs are difficult to predict. We need the flexibility to change budgeted costs as input prices change.' Does a flexible budget serve this purpose? Explain.
Which of the following products would typically be accounted for using a job order costing system? Which would typically be accounted for using a process costing system?
Hull Motors, Inc. (HMI), produces small gasoline-powered motors for use in lawn mowers. The company has been growing steadily over the past five years and is operating at full capacity.
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