Unit 3 Part 1 300 Words You have learned that the internal control framework for most U.S. companies is the Committee of Sponsoring Organizations of the Treadway Commission (COSO) Internal Control — Integrated Framework which was issued in 1992. Using the Library and other research tools complete the following: Identify the Treadway Commission and discuss its origin history and purpose. List the 5 components of internal control as defined by COSO. Discuss at least 2–3 elements that are included in each component as it relates to Bovar Company. Unit 3 Part 2 One Page Document The general manager at the Overall Manufacturing Company has submitted the following information for a specific line of heat exchangers with the recommendation to discontinue the round style heat exchanger because of its continued net operating income losses. Overall Manufacturing Company Heat Exchangers Total Round Rectangular Octagonal Sales $1000000 $140000 $500000 $360000 Less variable expenses $410000 $60000 $200000 $150000 Contribution margin $590000 $80000 $300000 $210000 Less fixed expenses: Advertising $216000 $41000 $110000 $65000 Depreciation $95000 $20000 $40000 $35000 Line supervisors salaries $19000 $6000 $7000 $6000 General factory overhead* $200000 $28000 $100000 $72000 Total fixed expenses $530000 $95000 $257000 $178000 Net operating income (loss) $60000 $(15000) $43000 $32000 *A common fixed cost that is allocated on the basis of sales dollars Analyze the above information to determine if the round heat exchanger should be discontinued. The special equipment that is used to produce the round heat exchanger has no resale value. If the round heat exchanger is discontinued the two line supervisors who are assigned to the model would be discharged. Overall Manufacturing Company has no other use for the capacity that is now being used to produce the round heat exchanger. Include the following in your analysis: Requirements: 500 words | .doc file Should the production and sale of the round heat exchanger be discontinued? Show your analysis to support your answer. How might this same information be presented to make it more useful to management in assessing the long-run profitability of its various product lines? What policy change would you recommend to management?
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