Bennett Body Company: Case AnalysisEssay Preview: Bennett Body Company: Case Analysis1 rating(s)Report this essayBennett Body Company: Case AnalysisFinancial and Managerial Accounting10/04/2015AbstractThis is a paper about a Company named “Bennett Body Company” which is a custom manufacturer of truck bodies. This paper tries to answer some questions about the two different cost accounting systems of two different companies, Conley System and Bennett System. There are some comparisons between these two comp systems. And also there are some suggestions based on the system suitable for the company.
As company, Bennett Body Company used job order costing system for accumulating the cost of production. But Conely Corporation uses process costing for calculating the amount of cost production. As the Bennett Body Company follows the system of costing products on a per job order basis it had a higher cost of paperwork. As per the information company has products unique from each other. Company makes products based on customer specification making unique with each other. But Conely has its own standard design. Based on the standard design Conely’s system costs of production follows the department basis. In Conley system there is less work than in Bennett system Conley only compiles the actual aggregate labor, overhead costs, and material with the information on the number of units produced. They also consider the paperwork which is required for the annual calculation of the standard cost figures for the 12 different models.
{articleC}
As the company, Bennett Body Company used job order costing system for accumulating the cost of production. But Conely Corporation uses process costing for calculating the amount of cost production. In Conley system there is less work than in Bennett system Conely follows the system of costing products on a per job order basis. As the company follows the system of costing products on a per job order basis it had a higher cost of paperwork. As per the information company has products unique from each other. Company makes products based on customer specification making unique with each other. But Conely has its own standard design. Based on the standard design Conely’s system costs of production follows the department basis. In Conley system there is less work than in Bennett system Conley only compiles the actual aggregate labor, overhead costs, and material with the information on the number of units produced. They also consider the paperwork which is required for the annual calculation of the standard cost figures for the 12 different models. By contrast it was found that the process of manufacturing cost was far too complex and expensive for the company to operate with. Therefore they added more and more to make up the cost.
{articleD}
In the past Bennett Body Company had developed and produced technology to solve the problems associated with manufacturing cost of products. This became its flagship product, the Big Three-D. Since it started to take off in 2003 it has raised awareness and in 2011 Bennett Body Company was in the headlines as a company to replace Bennett Body Body for the year that began.
A new website is available that helps to set it up
{articleE}
The new site will help us to better communicate our product. We want to give you further information on how we can meet the needs of people and companies. Please visit our About page and let us know how you can help us reach people.
{articleF}
It seems that at times the information, design, and logistics for our products and products from our manufacturing services are missing. Our customers are frustrated (due to lack of manpower, lack of ability to manufacture our products, or problems with payment methods) and we cannot support them. Please share the below information on our new website with us.
{articleG}
We can’t provide refunds to our customers who did not pay for information or other services. However, with our growing customer base, we are willing to pay to ensure that they receive the services. Please visit our About page or let us know how you can help us.
{articleH}
We cannot provide refunds to our customers who purchased different products for different parts of the manufacture. Our customer base is growing rapidly. If you choose to purchase a component or part from us and we do not know the exact quantity of the component, please send us a detailed contact information as we cannot provide refunds to all customers. Please contact us at any time in the interest of finding the correct quantity (to avoid confusion for us) or we may provide them with further information.
{articleI}