Write 3 pages. Please respond following
questions and provide source. Please
write question number on each response.
1.
Use
the Internet to research a U.S.-based company that manufactures technology
products. Recommend one (1) approach that your selected company can take in
order to lower the direct labor costs of technology products while remaining
competitive with global markets. Provide a rationale for your recommended
approach.
- Imagine that you are a Chief
Financial Officer (CFO) of a company. Recommend two (2) actions that you
could take regarding the company’s supply chain to reduce manufacturing
costs of direct materials.
- Analyze the major benefits and
major weaknesses of traditional Activity-Based Costing (ABC) in
determining accurate overhead costs over a time-driven ABC system. Provide
a rationale for your response.
- Suggest the manner in which a
business can achieve a competitive advantage in the marketplace through
the use of ABC. Provide two (2) reasons to convince senior management that
they should implement an ABC system.
5.
Read
the article titled, “.financepractitioner.com/contentFiles/QF02/g26fs3i7/16/0/the-missing-metrics-managing-the-cost-of-complexity.pdf” title=”The Missing Metrics: Managing the Cost of Complexity”>The Missing Metrics: Managing the Cost of Complexity”
l Next, in a globalized economy with many business complexities, speculate
the major ways that these complexities might impact a business and suggest two
(2) actions that a business can take in order to minimize these consequences.
- From the previous discussion,
recommend one (1) approach that an accountant could take in order to
measure the types of complexity you identified for a specific business or
industry and determine the insight that the measure will provide in
relation to business performance.
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