Posted: April 28th, 2022
ALLEGION PLC
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1. ALLEGION PLC https://www.allegion.com/corp/en/about.html “The company specializes in products to be used in the doorway and beyond. The products that the company offers in the markets include door closers and exit devices, steel doors and frames, and residential and commercial locks” 2. 2022 10K report link ALLE 10K 12.31.2021 DOC (allegion.com) 3. Portfolio Milestone 1 attached Assume you are on the leadership team for the accounting department of Allegion PLC . You are tasked with setting up a fully-functional costing system for managerial decision-making. Your department is responsible for assembling the following aspects of the managerial accounting system: 1. Determine which type of costing the company will use: Will be a combination of process costing and ABC, a. Explain your decision and choose the cost drivers or activity bases depending on the type of system you choose. b. Discuss what type of costs your company will have in direct materials, direct labor, and manufacturing overhead. c. What will be the difficulties faced with assigning manufacturing overhead to your products? 2. Provide an example (this will likely be fictitious) of how you would use Cost-Volume-Profit (CVP) analysis with your company. 3. Set up the budgeting process. Discuss the issues that come along with budgeting. How would you navigate these issues? 4. Develop a balanced scorecard for your company. Remember that the balanced scorecard should align with company values. Explain your decisions regarding the most important categories of your balanced scorecard. 5. Develop a system of performance evaluation. What criteria will you use to evaluate department managers? Explain your reasoning. 6. Research one topic from this course. Provide a short summary (with citation) of one article discussing one of the issues faced in managerial accounting. · You must include a minimum of six credible, academic or professional references beyond the text or other course materials. At least three of these sources must come from academic journals. · Utilize headings to organize the content in your work.
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