Podo Carpentry Limited (PCL) was incorporated in 2009 and has vast experience in making high...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Podo Carpentry Limited (PCL) was incorporated in 2009 and has vast experience in making high class wardrobes. Pari Hotel (PH), Jackie Interior Designs Company (JIDC) and Kasese Furniture Dealers Limited (KFDL) are the only customers of PCL. PCLs financial performance in the recent years has been declining and a new finance director (FD) was appointed in December 2019 to save and control costs. The FD identified that PCL had been experiencing a lot of wastage ranging from material wastage to paying workers for idle time. The FD came up with the following work plan for the quarter ended 31 st March, 2022 to improve PCLs financial performance: 1. Use a standard costing and variance analysis system for cost control and performance evaluation. 2. Introduce a just in time (JIT) system to control material wastage and idle time. 3. Carry out customer profitability analysis to increase profitability
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.