prepare a report for sino apparel company for presentation to the next budget meeti 242156

Prepare a report for Sino Apparel Company for presentation to the next budget meeting. Your report should address the following issues:

1. After a careful reading of the case, identify the possible impacts of the computerized manufacturing system acquisition on Sino Apparel Company in terms of manufacturing processes, manufacturing costs, cost allocation and sustainability issues. You should make and discuss your own assumptions about that/those department/s and product type/s likely to be affected more by the computerized manufacturing system. Make reference to the budgeted schedules that you will prepare in PART II.

2. a. According to your own assumptions about the overhead allocation before and after the acquisition of the new manufacturing system, compare and contrast single overhead rate and multiple overhead rates allocation methods for Sino Apparel Company.

b. Recommend to the management as to which overhead allocation method should be selected. Provide calculations to support your considerations. Make reference to your budget calculations (PART II) and to your discussion of question 1 about the impact of the new computerized manufacturing system acquisition.

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REQUIRED: PART I (10 marks): Prepare a report for Sino Apparel Company for presentation to the next budget meeting. Your report should address the following issues: 1. After a careful reading of the case, identify the possible impacts of the computerized manufacturing system acquisition on Sino Apparel Company in terms of manufacturing processes, manufacturing costs, cost allocation and sustainability issues. You should make and discuss your own assumptions about that/those department/s and product type/s likely to be affected more by the computerized manufacturing system. Make reference to the budgeted schedules that you will prepare in PART II. 2. a. According to your own assumptions about the overhead allocation before and after the acquisition of the new manufacturing system, compare and contrast single overhead rate and multiple overhead rates allocation methods for Sino Apparel Company. b. Recommend to the management as to which overhead allocation method should be selected. Provide calculations to support your considerations. Make reference to your budget calculations (PART II) and to your discussion of question 1 about the impact of the new computerized manufacturing system acquisition. (Total word limit for PART I between 400 and 600 words) PART II (30 marks): Prepare the master budget for Sino Apparel Company for the financial year ended 31st December, 2013 (by quarters and total). This budget will be presented to the executive board at the next meeting. As a guide (you may determine additional schedules to support your budgets) your master budget could include the following schedules and statements, prepared by product and total: Sales budget, Production budget, Direct materials purchases and usage budgets, Direct labour budget, Manufacturing overhead budget (with reference to your answers in PART I), Budgeted cost of goods manufactured schedule, Budgeted cost of goods sold schedule, Cash budget, Budgeted Income Statement for…

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