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Author Question: Kretzinger Company makes extensive use of financial performance reports for each of its departments. ... (Read 74 times)

notis

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on: Mar 6, 2021

Question 1

The supply chain describes the flow of goods, services, and information from the initial sources of materials and services to the delivery of products to consumers, regardless of whether those activities occur in the same company or in other companies.
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Question 2

Kretzinger Company makes extensive use of financial performance reports for each of its departments. Although most departments have been reporting favorable cost variances with the company's current inventory system, management is concerned about the overall performance of the purchasing department. For example, the following information is for the purchasing of materials for a product the company has been manufacturing for several years: 

Purchase YearQuantity UsedAverage InventoryPrice Variance
20X140,0008,000$ 1,000 F
20X260,00015,00010,000 F
20X360,00020,00012,000 F
20X450,00012,50020,000 U
20X554,00018,0008,000 F
20X658,00023,2009,500 F
Required: 
a.  Compute the inventory turnover for each year. Can any conclusions be drawn for a yearly comparison of the purchase price variance and the inventory turnover? 
b.  Identify problems likely to be caused by evaluating purchasing only on the basis of the purchase price variance. 
c.  What recommendations will improve the evaluation process?
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by notis on Mar 6, 2021

covalentbond

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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notis

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Reply 2 on: Mar 6, 2021
Wow, this really help

robbielu01

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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