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Exhibit 1 Lehigh Market SummaryRead the case "Lehigh Steel". Submit a write-up that applies the...

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Accounting

Exhibit 1 Lehigh Market SummaryRead the case "Lehigh Steel". Submit a write-up that applies the decision making framework in answering the following questions:Exhibit 1 Lehigh Market Summary
1) What is the key problem? (What is the decision and what is the objective? What issues in the case make this decision difficult?)
2) How should it be solved?
Here are some additional suggestions you may wish to include in your analysis:
1. Compute profits for the five sample products under ABC and TOC. The attached spreadsheet Download spreadsheetcontains the data in the case.
2. Identify the differences in assumptions between ABC and TOC. What assumptions seem inappropriate for Lehigh's business situation?
3. How might you calculate profits in a way that corrects assumptions identified above that are inappropriate to Lehighs business situation?
4. Based on profit calculations and other business considerations, make recommendations for Lehighs product mix in 1993.
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