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President/CEO to her Controller: On the golf course yesterday I overheard John Jeffers, the CEO for Octal, say that the problem with many manufacturing companies

President/CEO to her Controller:

"On the golf course yesterday I overheard John Jeffers, the CEO for Octal, say that the problem with many manufacturing companies today is their antiquated manufacturing cost accounting systems. It appears to me that our cost accounting system has served us well as our company has grown and should continue to serve us well as we move into JIT production with our new flexible manufacturing system."

As the Controller, respond to the President/CEO.

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