1. Organizational value chain; outline how an organizational value chain helps breakdown traditional organisational boundaries 2. Discuss the role of cost and management accounting information in management decision making. 3. In your own words, explain the path to higher-quality decisions. 4. What is a cost object? 5. Identify two key influences on the nature of a management accounting system PROBLEM 1: Evaluation of performance across the value chain New Zealand produces fine quality merino wool garments that are highly sought after by the fashion industry. Merino Designs is a fully integrated company that operates in this industry. It has one particularly popular product in its range, the Merino Jacket Merino Designs - The Merino Jacket Sheep farming Revenue (wool kg) $ 25.98 Profit/Sales = 24.6% Costs: Operating costs $ 19.59 Sales/Assets = $0.15 Margin $ 6.39 ROA 3.6% Assets $175.97 + $0.32 handling cost Knitting mills Revenue $ 152 Profit/Sales = 8.2% Costs: Wool $ 26.30 -