Whing the business Chessperfect produces several types of chacen e most recont management meeting, James and his management team dis urrent fin. re the scripts from the management meeting: ins were raised by the factory's Production Manager, who is known for his practical ch. This ratio business doesn't appeal to me at all. You can never be sure that the figures :pared consistently on the same basis, I prefer looking at the absolute amount, which is more useful, in my opinion." inoroes on sales revenue and to seek recommendations on fow to entice custamers to pay more cuidly He is wondering if there might be drawbacks to requesting quicker payments. How are union negotiations going? James turned to the Hurnan Resources Manager who had been quiet throughout the meeting. She sighed. They're going-we should probably project a 15% increase salary expenses next year- they re playing hardball because of the high inflationary environment right nowr James chewed his lip and refrained from asking if firing some of the louder employees was a good way to send a message-perhaps that would limit raises to only 3%. As it stood now, he was expecting sales to remain flat next year and operating expenses to increase 10% overall. What would that do to the firm's bottom line? He made another mental note to ask for help with the projection and perhaps his negotiation strategy too. Wisely, he steered the conversation in a new direction, turning to the Production Manager. "So. our new premium Titan business unit- how is that going?" He frowned. We don't have exact profit numbers yet since we get special orders over there and we are having trouble tracking costs of those orders." lames nodded. "OK, so we need a proper costing system for specific jobs." He had a suspicion at there were issues in the premium Titan department and had planned to ask his cost fountant friend about it, but she was away on a vacation at the moment. James would need to ek help elsewhere-the business was getting a lot of special orders and tracking and recording is of each order accurately was imperative. Specifically, he needed advice on allocating pufacturing overhead costs and making journal entries- detailed examples of both would really o much to think about, James ended the meeting and called you, an MBA with accounting se, to help him. Write a detailed business memo providing feedback on the issues raised in the case. B the case and reference anything you copy-paste/paraphrase heavily from the internet Whing the business Chessperfect produces several types of chacen e most recont management meeting, James and his management team dis urrent fin. re the scripts from the management meeting: ins were raised by the factory's Production Manager, who is known for his practical ch. This ratio business doesn't appeal to me at all. You can never be sure that the figures :pared consistently on the same basis, I prefer looking at the absolute amount, which is more useful, in my opinion." inoroes on sales revenue and to seek recommendations on fow to entice custamers to pay more cuidly He is wondering if there might be drawbacks to requesting quicker payments. How are union negotiations going? James turned to the Hurnan Resources Manager who had been quiet throughout the meeting. She sighed. They're going-we should probably project a 15% increase salary expenses next year- they re playing hardball because of the high inflationary environment right nowr James chewed his lip and refrained from asking if firing some of the louder employees was a good way to send a message-perhaps that would limit raises to only 3%. As it stood now, he was expecting sales to remain flat next year and operating expenses to increase 10% overall. What would that do to the firm's bottom line? He made another mental note to ask for help with the projection and perhaps his negotiation strategy too. Wisely, he steered the conversation in a new direction, turning to the Production Manager. "So. our new premium Titan business unit- how is that going?" He frowned. We don't have exact profit numbers yet since we get special orders over there and we are having trouble tracking costs of those orders." lames nodded. "OK, so we need a proper costing system for specific jobs." He had a suspicion at there were issues in the premium Titan department and had planned to ask his cost fountant friend about it, but she was away on a vacation at the moment. James would need to ek help elsewhere-the business was getting a lot of special orders and tracking and recording is of each order accurately was imperative. Specifically, he needed advice on allocating pufacturing overhead costs and making journal entries- detailed examples of both would really o much to think about, James ended the meeting and called you, an MBA with accounting se, to help him. Write a detailed business memo providing feedback on the issues raised in the case. B the case and reference anything you copy-paste/paraphrase heavily from the internet