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Category > Accounting Posted 26 Apr 2017 My Price 3.00

Analysis of Cost Reports

Analysis of Cost Reports

Mary is the production manager of the Cabot plant, a division of the larger corporation, Triparte, Inc. She has complained several times to the corporate office that the cost reports used to evaluate her plant are misleading. She states, “I know how to get good quality product out. Over a number of years, I’ve even cut the amount of raw materials used to do it. The cost reports don’t show any of this; they’re always negative, no matter what I do. There’s no way I can win with accounting or the people at headquarters who use these reports.”

A copy of the latest report follows.

CABOT PLANT

Cost Report

For the Month of March

($000)

 

Master Budget

Actual Cost

Excess Cost

Raw material

$1,200

$1,311

$111

Direct labor

1,680

1,620

(60)

Overhead

300

402

102

Total

$3,180

$3,333

$153

Required

Identify and explain at least three changes to the report that would make the cost information more meaningful and less threatening to the production managers.

Answers

Alpha Geek
(8)
Status NEW Posted 26 Apr 2017 04:04 PM My Price 3.00

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Attachments

file 1493225846-Answer.docx preview (285 words )
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