What is your responsibility to reduce costs

Assignment Help Managerial Accounting
Reference no: EM133102790

Question - You have been hired as the assistant controller of a company which produces boxes and other packaging materials. You have been doing research into using activity-based costing to determine if you can provide a reduction in costs of 5% per year over the next 3 years.

You are looking at how to reduce the cost of order taking and feel you can computerize the process and change how to process small orders. In doing your analysis of the order department you have determined activity-based costing would satisfy the cost savings, but would require reducing the staff by 2 employees (all the employees have been with the company for many years).

What is your responsibility to reduce costs? Utilize the IMA's ethical standards to support your answer.

What is your responsibility to the employees?

Reference no: EM133102790

Questions Cloud

Sentence with the consistent use of subject : Select the sentence with the consistent use of subject, voice, and mood.
Significance of logical formula for worksheets : What is the significance of logical formula for worksheets? If it is called "logical", then what is being calculated?
Continuous attributes differ from categorical attributes : What are the techniques in handling categorical attributes? How do continuous attributes differ from categorical attributes?
How would apple financial statements be impacted : How would Apple's financial statements be impacted by its iPhone one-year warranty and related iPhone 6s battery replacement program
What is your responsibility to reduce costs : You have been hired as the assistant controller of a company which produces boxes and other packaging materials. What is your responsibility to reduce costs
What is the value of his dinner : The next time Alex goes to a restaurant, his dinner and taxes combined comes to $12.00. If taxes are equal to 13%, what is the value of his dinner
List the benefits of paas solutions : List the benefits of PaaS solutions. Define and describe colocation. Discuss how you might use IaaS to implement colocation.
How much after-tax operating income did division generate : Last year one of Eagle Ridge's divisions generated an EVA of $ 3,200,000. How much after-tax operating income did division generate
What actions contributed to the financial crisis : What actions contributed to the Financial Crisis? What could banks have done differently to avoid the exposure they had in the wake of the crisis

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Compute the missing amounts on company financial statement

Compute the missing amounts on the company's financial statements. (Hint: What's the difference between the acid-test ratio and the current ratio?)

  Equity method journal entries with intercompany sales

Equity method journal entries with intercompany sales of inventory Assume that an investor owns 35% of an investee, and accounts for its investment using the equity method. How much equity income should the investor report for the year? What is the b..

  Make power point presentation to sac upper management

Make power point presentation to SAC upper management that outlines weaknesses in their current cost allocation process,Carrying costs, like direct costs

  Prepare a break-even chart for toaster production

Estimate the sales levels (in both revenue and units) required to generate a target profit of 20%. Prepare a break-even chart for toaster production

  Find how much of setup costs are allocated to superior model

Find How much of the setup costs are allocated to the Superior model using ABC costing? Hammock Company manufactures two models of its hammock

  Calculate annual employer contribution

The organisation's annual Unemployment Insurance Fund (UIF) contribution is N$4 750. Calculate annual employer contribution

  How to compute the contribution margin for the current year

How to Compute the contribution margin for the current year and the projected year, and the fixed costs for the current year.

  Find what is the standard variable overhead cost allowed

What is the standard labor-hours allowed (SH) to ship? What is the standard variable overhead cost allowed (SH × SR) to ship 130,000 items to customers?

  Explain the six key concepts to make the renting or stay

Explain the six key concepts to make the Renting or stay at current situation, drop or retain a segment, make or buy decision, special orders decision

  Compute the unit product cost uses absorption costing

During the year, the company produced 24,000 units and sold 20,000 units. Prepare income statement for the year. Compute the unit product cost.

  Prepare a flexible budget performance report

Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending variances and activity variances for February

  What does each of the four basic financial statements

What does each of the four basic financial statements (income statement, balance sheet, statement of cash flow and statement of Owner's Equity)

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd