Mediquip International is a manufacturing firm that has many assembly lines, numerous heavy duty machines and highly skilled machine operators. It has used very complex variance analysis in planning and controlling it operations during the last few years. Everything always appeared to be satisfactory until an economic recession tightened the competition and cost control became critical to the company's success. The operating managers believe that the traditional managerial accounting variance measures do not provide all the information they need during times of economic difficulties.
Required:
Discuss what additional information could be provided to the managers.

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The Answer of Mediquip International is a manufacturing firm that has many assembly lines, numerous heavy duty machines and highly skilled machine operators. It has used very complex variance analysis in planning and controlling it operations during the last few years. Everything always appeared to be satisfactory until an economic recession tightened the competition and cost control became critical to the company's success. The operating managers believe that the traditional managerial accounting variance measures do not provide all the information they need during times of economic difficulties.
Required:
Discuss what additional information could be provided to the managers.

Mediquip International Is a Manufacturing Firm That Has Many Assembly