Go to the Coca-cola (company that use process costing) website and review their annual report.

Required:

How would a summary report to the new CEO look like? It should explain the aspects of production.

In your summary report include the following:

Background on the company and what the company produces (only discuss one product line)

How is the product produced?

Are the raw materials added evenly or at the beginning of the process?

How many departments does the company use?

Identify potential areas for process improvements?

What would be the impact of these improvements?

Note: If the annual report does not show this information, make reasonable assumptions for your report.