1 DESCRIPTION OF BUSINESS
1.1 Identification and mapping of processes
2.1 Explanation of Methodology
2.2 Effort in Methodology Refinement
3 REGRESSION ANALYSIS
3.1 Predictive Analysis
3.2 Interpretation of Findings
4 COST-VOLUME-PROFIT ANALYSIS
4.1 Breakeven Analysis
4.2 CVP Chart
4.3 Interpretation of Findings
5 ACTIVITY-BASED COSTING
5.1 Identification of indirect activities and drivers
5.2 Communication and explanation of drivers
6 ANNUAL PROJECTIONS
6.1 Revenue/expense budget factors
6.2 Cash planning implications
6.3 Sensitivity to macroeconomic factors
6.4 Forecast uncertainty analysis
7 STRATEGY IMPLEMENTATION AND BALANACE SCORECARD
7.1 Strategy identification
7.2 Balanced scorecard development
7.3 Scorecard incentive issues
8.1 Financial Reports
To: William R. Johnson
From: Team 13
Re: Key Findings
Below we explain the implications of the variances that I calculated. I would enjoy meeting with you to discuss whether we are following the most efficient policies, given these calculations. Please let me know if there is any way to improve my work or my presentation to you. 1. Our batch sizes for both setups and quality inspection were smaller than planned. Even though we were able to reduce the setup and quality inspection time needed for each batch (because of the smaller batch sizes), these gains were more than offset by the increased number of batches. Overall, we ended up substantially below the level of efficiency at which we wished to operate. 2. The hourly wage for the setup workers went over budget due to the tight labor market in our area for such employees. However, we saved a considerable amount of money because we were able to negotiate reduced wage rates for the quality inspection labor after the expiration of their previous contract.
Overall, given our output level of 15,000 eels, we had a moderately favorable variance for quality inspection costs, and a significant unfavorable variance on setups, for the reasons outlined above.
1 DESCRIPTION OF BUSINESS
H.J. Heinz Company (which will be referred to as the “Company” or “Heinz”) has been in business for more than 140 years and was founded by Henry J. Heinz. Popular brands within these categories include Heinz Ketchup, Bagel Bites, and Heinz Nurture infant formula. Heinz operates around the globe in five main segments, which are North American Consumer Products, Europe, Asia/Pacific, U.S. Food Service, and The Rest of the World. Although all segments include the company's operations, the difference between North American Consumer Products and U.S. Food Service is that the North American Consumer Products segment principally manufactures and markets to grocery channels in the United States of America and includes their Canadian business while the U.S. Food Service segment does so to commercial and non-commercial food outlets and distributors in the United States of America. Even with the recent economic global recession, in Fiscal 2009 Heinz had “record sales of over $10.1 billion and record high net income of $923 million.”H.J. Heinz Company is one of the largest global food manufactures. Despite the fact the Company’s slogan is “57 Varieties”, Heinz Company has been able to produce, market, and sell thousands of products around the world. The Company is most commonly known for its Heinz Ketchup which is sells over 650 million bottles each year. In addition to ketchup, the Company mainly produces condiments and sauces, frozen food, soups, beans and pasta meals, infant nutrition and other processed food products....
...the criteria, we do not believe Hope fully was not justified in deciding that the costs were for tooling modifications. Even though internal documents providing support for his conclusion were available, he should have had put more weight on audit evidence from independent sources outside the entity (Mr. Yamont) and audit evidence easily available from the balance sheet (huge increase in fixed assets). Especially considering obvious conflict of interests in case of Mr. More and his changed opinion.
On our opinion, we do not believe Hope satisfactorily investigate the possibility there were additional suspicious tooling charges being paid and recorded by USSC. Findings discovered on March 3rd 1982 during discussions with USSC executives should have been analysed more closely. Even though the results likely would have been similar with the case Lacey Manufacturing Company, it would have been good to aim at arranging similar visit also to other companies supplying “tooling services” and compare answers. Also, as in this case it appears USSC executives have information superiority against auditors, it would have been good to appoint external expert in field of manufacturing to provide his opinion, if “tooling services” really had been supplied. Even though the business is new, e.g. a general machine shop expert could have been contributed. Further analytical work also could have been done – even though based on P&L easy...
PAN EUROPA FOODS S.A
C. Opitz and R.F. Bruner
Table of Contents
The report is to provide the shareholders with the firm’s capital budget for the new year, 1993. 11 projects will be examined and discussed. Projects will be chosen based on the most needed and urgent projects and based on budget. Exhibit3 of the case analysis provides the free cash flow and analysis of the proposed projects.
The problem with Pan Europa Foods, according to the case, is that the company is beginning to lose market share due to static sale, which is due to low population growth in Northern Europe. The company is also losing money due to market saturation in some areas of Europe. The board of directors are now considering 11 new projects with a budget of ECU80 million. Funds need to be allocated amongst a range of compelling projects; projects proposed include new product introduction, acquisition, market expansions, efficiency, improvements, preventive maintenance, safety and pollution control. The problem that the company is having is beginning to affect the company’s stock which is now priced below the average multiples of peer companies and the average multiple of all companies on the exchanges where Pan...
MANAGERIAL ACCOUNTING FOR DECISION MAKING
AMIS 823 – Spring 2008
INSTRUCTOR: Prakash R. Mulchandani
OFFICE HOURS: M/W 3:30-4:30pm, and by appointment
OFFICE: 432 Fisher Hall
E-MAIL: [email protected]
TELEPHONE: (614) 247-6267
FAX: (614) 292-2118
This course focuses on the strategic nature of management accounting and emphasizes the critical role that information plays in decision-making, strategy execution, and overall enhancement of a firm’s value. Primarily taught through case studies, this course will utilize and build upon the concepts studied in prior Management Accounting courses, and allow the students an opportunity to see how these concepts fit together. Selected readings from textbooks and business periodicals will be used to blend in appropriate theory for newer subjects that may be the focus of some case studies.
The world of business continues to change dramatically. As a result, the role of managerial accounting is very different than it was even a decade ago. Today, managerial accountants serve as internal business consultants, working side-by-side in cross-functional teams with managers from all areas of the organization as they make decisions towards defining and implementing strategy. To complete their knowledge of managerial accounting, students must understand how managers are likely to use and react to information provided by management accounting. On the other...
...Case Assignment 1 (23rd September, 2014)
Due: 15th October 2014 in class
Centre for the Arts (Case 6 in the case book)
Case Questions: (You do not have to answer them in Q&A format. Please read the note: “How to write an analysis of a case”)
1. As Erin White, what recommendations would you make that might result in achieving break even for the scheduled Halo performance?
2. As Erin White, what recommendations would you make to improve seat revenue for the following two theatrical performances?
3. As Debbie Slade, what role do you think theatrical performances should play in future programs? Explain.
4. What should Debbie Slade do?
Please read the note “ How to write an analysis of a case”
Cases will be evaluated as if teams are in a work situation and have been given the responsibility by senior management to analyze a marketing related business situation and to develop recommendations for the business.
Generally, cases will be graded on the following criteria:
• Quality of analysis
• Application of marketing and business terminologies/ theory
• Adherence to the requirements
All cases, unless otherwise specified, are to be submitted typewritten (letter quality). 12 pts. Times New Roman, 1.5 spaces on 8 ½ x 11 inch white paper with one inch margins. Only stapled hard copies will be accepted. Maximum 6 pages (excluding exhibits).
Cold case investigation is a growing concern due to increased numbers of unsolved cases and pop culture appeal. This paper will walk you through what a cold case investigation is, how one begins, and factors such as the use of volunteers can effect the outcome of a cold case investigation. Each year the number of unsolved cases in the U.S. goes up, but with limiting funding and lack of manning something has to be done to keep the numbers down. A dedicated cold case unit is the best answer to this problem.
Cold Case Investigation
Approximately one-third of all homicides in the United States are not cleared within the first year of being committed. These cases are dubbed cold cases after active investigation has been terminated for any of several reasons. If investigators lose the trail or cannot come up with enough evidence, witnesses, or a suspect the case may be closed. More important or high publicity cases may become a priority and with lack of a trail a case is closed. These cases can be placed on a back burner until time and manning is available to conduct a more thorough investigation and continue where previous investigation left off. The low clearance rate has also been attributed to the number of experienced...
The court has a duty to actively manage cases pursuant to rule 25(rule of civil procedure 2000)…..
what is the overriding objective of managing cases?
* (1) These Rules are a new procedural code with the overriding objective of enabling the court to deal with cases justly.
* (2) Dealing with a case justly includes, so far as is practicable –
* (a) ensuring that the parties are on an equal footing;
* (b) saving expense;
* (c) dealing with the case in ways which are proportionate –
* (i) to the amount of money involved;
* (ii) to the importance of the case;
* (iii) to the complexity of the issues; and
* (iv) to the financial position of each party;
* (d) ensuring that it is dealt with expeditiously and fairly; and
* (e) allotting to it an appropriate share of the court’s resources, while taking into account the need to allot resources to other cases.
Application by the court of the overriding objective
The court must seek to give effect to the overriding objective when it –
(a) exercises any power given to it by the Rules; or
(b) interprets any rule subject to rules 76.2, 79.2 and 80.2.
Duty of the parties
The parties are required to help the court to further the overriding objective.
Court’s duty to manage cases
(1) The court must further the...
...UNDERSTANDING THE CASE PROCESS
The purpose of this section is to help you to understand what a case is and how you, as a student of business, can more effectively prepare your answers and benefit from a case discussion.
The material covered in this section includes:
1. Understanding what a case is.
2. Reading a case effectively.
3. Analysing and preparing for a case discussion.
4. Reporting your case findings.
5. Discussing the case.
1. Understanding what a case is.
Socrates, the teacher-philosopher, used questions rather than statements of fact, to lead his students through the reasoning process. As a student we can try and help you learn in several ways, and the case approach does much the same thing that Socrates did by asking questions. You, as the student, are not told the answer to a problem, but will have to build your own solution. This is a type of active learning where your instructor will guide you in your case discussion to the point at which you discover the solution for yourself.
So cases are a problem-solving situation. You are given a story, based on a real business situation, and then you are asked questions or posed a problem based on the situation outlined in the case. Some cases are short, and focused on a very...
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