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P22996 Accounting For Strategic Management And Control

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Questions

  • Discuss how Balanced Score Card may help in performance management within FCH.
  • Considering that FCH is planning to implement the use of Balanced Score Card across the entire company, discuss the potential difficulties that the company will likely face in the choice of performance measures and elaborate further on the likely difficulties in the interpretation of the performance measures.
1. Greenie Pte Ltd (GPL) produces widgets. Its production manager realised that there is a profitable line of business in making premium widgets. The market price for this premium widget is typically $50 per unit.

GPL’s management aims to achieve a profit margin of 20% from the manufacture of the premium widget.

According to GPL’s production manager, the production costs per unit typically includes:

 

$

Raw materials

12

Direct labour

7

Packaging

9

Royalties

10

Variable production overheads

5

Required:

a. Applying the concept of target costing, compute the cost gap for this premium

b. Suggest and discuss how the company could minimise or eliminate the cost gap.

Brownie Pte Ltd (BPL) is in the business of customising the widgets and reselling these to corporate clients. Both GPL and BPL are wholly owned subsidiaries of the Giant Widgets Group Ltd (GWG).

For years, BPL had been purchasing widgets from GPL and transfer pricing was based on “cost- ased transfer prices”. In the last one year, BPL’s management raised their concerns that the cost-based approach was unfair to BPL because it did not incentivise GPL to provide the widgets at competitive prices which reflect “market realities”.

c. Discuss the reasoning for BPL’s management raising its concerns. Suggest which pricing method is likely to be the most appropriate for GPL and provide explanation for your answer.

2. Charlie Pharmaceuticals (CP) is a specialty drug manufacturer operating in Asia. Due to a recent investigation on its drug pricing policy, it was often given negative press.

In addition, there was a recent recall of the drugs produced just over a month back. This has resulted in various government agencies investing CP and this has caused CP’s share price to contract significantly.

The management is very concerned on this and requested an assessment of the situation.

Required:

  • Discuss the differences between external and internal failure costs. Suggest withreasons whether the external failure costs will exceed that of internal failure
  • In light of the recall, suggest and discuss the significant risks which CP is likely to face
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