Podo Carpentry Limited (PCL) was incorporated in 2009 and has vast experience in making high...
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Podo Carpentry Limited (PCL) was incorporated in 2009 and has vast experience in making high class wardrobes. Pari Hotel (PH), Jackie Interior Designs Company (JIDC) and Kasese Furniture Dealers Limited (KFDL) are the only customers of PCL. PCLs financial performance in the recent years has been declining and a new finance director (FD) was appointed in December 2019 to save and control costs. The FD identified that PCL had been experiencing a lot of wastage ranging from material wastage to paying workers for idle time. The FD came up with the following work plan for the quarter ended 31 st March, 2022 to improve PCLs financial performance: 1. Use a standard costing and variance analysis system for cost control and performance evaluation. 2. Introduce a just in time (JIT) system to control material wastage and idle time. 3. Carry out customer profitability analysis to increase profitability
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