Assignment
1: Budgeting and Benchmarking for a Start-up Manufacturing Company
Due Week 8 and worth 240
points
For this assignment, you will
decide what type of budget to implement for a start-up company. Also, use the
Internet to research one (1) manufacturing company that is in the same
industry.
Write a five to six (5-6) page
paper in which you:
1.
Summarize the type of
manufacturing company you plan to start-up, and describe the value chain for
the company that you researched. Next, determine how you will design the value
chain for your manufacturing company.
2.
Analyze the various types of
budgets. Determine which type of budget the company you researched utilized,
and discuss whether or not the company met its financial forecast. Suggest at
least two (2) reasons why the company results would be different than the
forecast. Next, decide which type of budget you plan to implement in your
organization, and outline the major steps you plan to take to ensure that your
organization reaches the financial forecast.
3.
Discuss the importance of
benchmarking, and perform a benchmark analysis of the company that you
researched. Next, select at least four (4) specific benchmarks you will utilize
in your organization. Explain the benchmarks you selected, and determine the
manner which they will benefit your organization.
4.
Distinguish between a job
costing system and a process costing system, and determine what type of cost
system the company you researched implemented. Decide the type of cost system
you plan to implement in your organization, and identify any major challenges
you may encounter in implementing your cost system. Suggest the manner in which
you will overcome the identified challenges.
5.
Use at least three (3) quality
resources in this assignment. Note:Wikipedia
and similar Websites do not qualify as quality resources.
Your assignment must follow
these formatting requirements:
·
Be typed, double spaced, using
Times New Roman font (size 12), with one-inch margins on all sides; citations
and references must follow APA or school-specific format. Check with your
professor for any additional instructions.
·
Include a cover page
containing the title of the assignment, the student’s name, the professor’s
name, the course title, and the date. The cover page and the reference page are
not included in the required assignment page length.
The specific course learning
outcomes associated with this assignment are:
·
Analyze the management
accountant’s role in the organization.
·
Analyze the advantage of
budgeting, the preparation of a master budget, and other forms of planning.
·
Discuss the allocation of
costs to divisions, plants, departments, contracts, and products.
·
Compare and contrast the
various management uses of variances.
·
Use technology and information
resources to research issues in cost accounting.
·
Write clearly and concisely
about cost accounting using proper writing mechanics.
Clothing
Manufacturing
Company
