Accounting Assignment | Custom Assignment Help
September 12th, 2019
ToyWorks Ltd. Scenario
Assume that the actual results for 2019 ended up being the following:
The marketing department was only able to achieve an actual sales volume of 450,000 units, although the amount produced was based on the 2019 budget. The human resources department concluded that the direct labor cost ended up being $12 per hour.
a. Briefly but concisely comment on the impacts these changes had on net income for the year.
b. Briefly but concisely explain what you as the accounting manager could do, to take advantage of the interdependence of the functional areas within the business, to develop strategies which will positively impact financial performance.