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Question 2 (20 marks) Stodgy Industries Lid has barely made a profit over the past few years and is looking for ways to improve its results. It has hired a consultant who has suggested that the company introduce a concept called the balanced scorecard! This involves looking into all aspects of a company's activities and seeks to integrate them into a cohesive manner that can focus on corporate goals The company's president has called in the vice president of sales and vice president of production to discuss how the company can establish goals and meet those targets. The consultant says that there is a critical person missing from the meeting which is the company's controller Explain why or why not, the controller is a critical component of any desire to introduce a balanced scorecard in an organization Question 3 (20 marks) Assume you have just taken a position as controller for a new company that manufactures and sells wrought iron wall hangings Although the founder of the company who is the president and CEO is a great artisan, she has very limited knowledge of accounting To help your new boss better understand accounting for a manufacturing organization, write a memo to her in which you (1) identify (2) describe and () provide examples of the three manufacturing costs and the three inventory accounts used in accounting for a manufacturing company