Maddox Smith Staff asked 4 years ago

Project Management Anylisis

Michael Hall asks you to review the results for the month and evaluate the company’s approach to estimating product cost. In doing so, you should: 1. Comment on the cost classifications used in CTC’s income statement. (Marks 4) 2. Estimate the cost of goods manufactured and sold. (Marks 5) 3. Prepare a revised income statement for the month. (Marks 5) 4. Summarise the differences between your income statement and the one above. (Marks 4) 5. Choose a more useful format for analysing costs than that used in your revised income statement. (Marks 3) 6. Propose recommendations for changes. (Marks 4)