The management of Diversified Incorporated is concerned that few of its employees understand cost of goods sold. The company president has decided that a series of presentations will be made focusing on cost of goods sold.

Assume that the company has formed two teams, Team A and Team B. You and several of your classmates have been assigned to Team B.

Team A is given the responsibility of preparing a presentation detailing the cost of goods sold pertaining to a subsidiary that operates a chain of hardware stores. Team B, your team, has been given the responsibility of preparing a presentation detailing the cost of goods sold of a subsidiary that manufactures electronic calculators.

In short order, Team A has completed its assignment and is ready to make its presentation.

Your team, however, is still working. Company executives question why Team A is so far ahead of your team’s progress.

Required: Working as a group, develop a response to the concerns relating to your team’s slow progress. Explain why Team A could complete their assignment so quickly and why your team will have to work longer.