I. Executive Summary <Tab/>The group provided recommendations on how to improve the control systems and planning processes of Stewart Box. Stewart Box is a profitable medium-sized manufacturing company that has several areas for improvement in its accounting, planning, budgeting and pricing methods. The group highlighted these weaknesses and gave proposals as to how the company can significantly improve its operations. II. Case Context <Tab/>Stewart Box …
showed first 75 words of 956 total

showed last 75 words of 956 total
…only the management team. After the plan has been developed, each vice president can communicate these decisions to their subordinates. Production should be involved at the start of the budget review so that inputs from the manufacturing side such as plant capacity or personnel will be included. Since overcapacity should inevitably lead to price-cutting, the company should investigate how it is able to quote prices above their estimates. It's highly probable that hidden costs exist.