Green manufactures agricultural equipment and is planning to develop and launch a new fuel efficient tractor. Required: Discuss how the strategic management accounting techniques Just-in-time and the Theory of Constraints could offer Green opportunities for improving performance and ways to seek to achieve cost reduction
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Green manufactures agricultural equipment and is planning to develop and launch a new fuel efficient tractor.
Required:
Discuss how the strategic management accounting techniques Just-in-time and the Theory of Constraints could offer Green opportunities for improving performance and ways to seek to achieve cost reduction.
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- Mavis and John have joined forces to start M&J Food Products, a processor of packaged shredded lettuce for institutional use. John has years of food processing experience, and Mavis has extensive commercial food preparation experience. The process will consist of opening crates of lettuce and then sorting, washing, slicing, preserving, and finally packaging the prepared lettuce. Together, with help from vendors, they think they can adequately estimate demand, fixed costs, revenues, and variable cost per 5-pound bag of lettuce. They think a largely manual process will have monthly fixed cost of $50,000and a variable cost of $2.50 per bag. They expect to sell 75,000 bags of lettuce per month. They expect to sell the shredded lettuce for $3.25 per 5-pound bag. John and Mavis has been contacted by a vendor to consider a more mechanized process. This new process will have monthly fixed cost of $125,000 per month with a variable cost of $1.75 per bag. Based on the above scenario: Should…“Mickey Limited is a manufacturing business that uses a standard costing system. The company’s flexed budget for April 20X9 is: Sales £173,340 Costs Direct materials (£22,500) Direct labour (£37,684) Variable production overheads (£15,520) Fixed production overheads (£49,400) Profit 48,236 The company’s directors are presented with the following standard cost operating statement for the month:” Total Original budgeted net profit £44,540 Favourable (Adverse) Sales profit volume variance £3,696 Sales price variance £424 Direct materials price variance £1,372 Direct materials quantity variance £2,560 Direct labour rate variance - - Direct labour efficiency variance £480 Production overhead variance £240…ScenarioYou and a group of enthusiastic colleagues have recently graduated from university, and are eagerly discussing a possible joint entrepreneurial venture, focusing on the production of environmentally friendly electric vehicles. To fund this new venture, the team has been advised to come up with a solid implementation plan, supported by the strategy implementation framework to include detailed information on the business concept, strategic vision, mission, revenue model, financial objectives, and projections and much more. The rising use of hybrid and environmentally friendly electric vehicles (EVs) represents a significant shift in the automotive industry, withvarious factors contributing to its increasing popularity, environmental awareness and climate change concerns topping the list. Considering how competitive the business sector is today, it is important that you also consider various alternative organizational strategies, as well as develop a sustainable competitive…
- ScenarioYou and a group of enthusiastic colleagues have recently graduated from university, and are eagerly discussing a possible joint entrepreneurial venture, focusing on the production of environmentally friendly electric vehicles. To fund this new venture, the team has been advised to come up with a solid implementation plan, supported by the strategy implementation framework to include detailed information on the business concept, strategic vision, mission, revenue model, financial objectives, and projections and much more. The rising use of hybrid and environmentally friendly electric vehicles (EVs) represents a significant shift in the automotive industry, with various factors contributing to its increasing popularity, environmental awareness and climate change concerns topping the list. Considering how competitive the business sector is today, it is important that you also consider various alternative organizational strategies, as well as develop a sustainable competitive…ScenarioYou and a group of enthusiastic colleagues have recently graduated from university, and are eagerly discussing a possible joint entrepreneurial venture, focusing on the production of environmentally friendly electric vehicles. To fund this new venture, the team has been advised to come up with a solid implementation plan, supported by the strategy implementation framework to include detailed information on the business concept, strategic vision, mission, revenue model, financial objectives, and projections and much more. The rising use of hybrid and environmentally friendly electric vehicles (EVs) represents a significant shift in the automotive industry, with various factors contributing to its increasing popularity, environmental awareness and climate change concerns topping the list. Considering how competitive the business sector is today, it is important that you also consider various alternative organizational strategies, as well as develop a sustainable competitive…Revenue and expense data for Bluestem Company are as follows: Year 2 Year 1 Administrative expenses $ 37,000 $ 20,000 Cost of goods sold 350,000 320,000 Income tax expense 40,000 32,000 Sales 800,000 700,000 Selling expenses 150,000 110,000 (a) Prepare a comparative income statement, with vertical analysis, stating each item for both years as a percent of sales. (b) Comment upon significant changes disclosed by the comparative income statement. Round percentages to one decimal place.
- urbo Technology Computers is experiencing a period of rapid growth. Earnings and dividends are expected to grow at a rate of 15% during the next two years, at 13% in the third year, and at a constant rate of 6% thereafter. Turbo's last dividend was $1.15, and the required rate of return on the stock is 12%. Complete the following calculations: Calculate the value of the stock today. Calculate P1^ and P2^. Calculate the dividend yield and capital gains yield for Years 1, 2, and 3.A new manufacturer and distributor of ice cream is going to be launched. The newly appointed CEO is planning to launch 5 production lines, producing a limited range of high-volume products which are sold in family sized tubs to supermarkets. The raw materials and ingredients for the product are going to be bought from 5 different companies. Demand is analyzed and found out that it is going to be stable. Business case looks profitable and promising. Your report should make explicit any further assumptions you wish to make about the operation. Question: 1)Perform a 4V analysis of the product, and comment on the operational performance objectives which should be set. 2)Discuss what are the implications of working with 5 different companies. What strategy should the company apply to handle the difficulties with supply chain?A new manufacturer and distributor of ice cream is going to be launched. The newly appointed CEO is planning to launch 5 production lines, producing a limited range of high-volume products which are sold in family sized tubs to supermarkets. The raw materials and ingredients for the product are going to be bought from 5 different companies. Demand is analyzed and found out that it is going to be stable. Business case looks profitable and promising. Your report should make explicit any further assumptions you wish to make about the operation. 1)Discuss what are the implications of working with 5 different companies. What strategy should the company apply to handle the difficulties with supply chain?
- A new manufacturer and distributor of ice cream is going to be launched. The newly appointed CEO is planning to launch 5 production lines, producing a limited range of high-volume products which are sold in family sized tubs to supermarkets. The raw materials and ingredients for the product are going to be bought from 5 different companies. Demand is analyzed and found out that it is going to be stable. Business case looks profitable and promising. Your report should make explicit any further assumptions you wish to make about the operation. Question: 2)Discuss what are the implications of working with 5 different companies. What strategy should the company apply to handle the difficulties with supply chain?Use the following financial statements of Heifer Sports Inc. in Table 14.14 to find Heifer’s:a) Inventory turnover ratio in 2012.b) Debt/equity ratio in 2012.c) Cash flow from operating activities in 2012.d) Average collection period.e) Fixed-asset turnover ratio.f) Return on equity.John Ozment, director of special projects and analysis for Ozment’s Corporation, is responsible for preparing corporate financial analyses and monthly statements and reviewing and presenting the economic impacts of proposed strategies to upper management. Data for such financial analyses are obtained from operations and financial databases through direct queries of Ozment’s department staff. Reports and charts for presentations are then prepared by hand and typed. Multiple copies are prepared and distributed to various users. The pressure on Ozment’s group has intensified as demand for more and more current information increases. A solution to this reporting problem must be found.The systems department wants to develop a proprietary software package to produce the reports automatically. The project would require the company to make a considerable programming investment. Ozment is concerned about the accuracy, completeness, and currency of data isautomatically produced reports. He has…