Problem:
You have just begun work as a management accountant for a medium-sized manufacturing company. When you begin work, you find that there are literally no performance metrics or reports of any kind. The general manager expects you to set up whatever performance measures and monitoring reports as you feel are necessary.
Explain what you plan to do.
For a manufacturing firm, list at least 5 different reports that should be set up to monitor performance. Include samples of what at least 2 of them would look like.
Who in the organization chart would have the responsibility for achieving the desired performance that each of these 2 sample reports would monitor?
Create an example of how an unfavorable performance would appear for each of these 2 sample reports, and include the advice you would give to the responsible manager if he or she asked you for help to fix the problem.