write a memo to management describing any problems that you perceive in the data pre 641814

(Cost control; writing) Juneau Container makes steel storage canisters for various chemical products. The company uses a job order costing system and obtains jobs based on competitive bidding. For each project, a budget is developed.

One of the firm’s products is a 55 gallon drum. In the past year, the company made this drum on four separate occasions for four different customers. Financial details for the four orders follow:

Date

Job No.

Quantity

Bid Price

Budgeted Cost

Actual Cost

Jan. 17

2118

60,000

$190,000

$120,000

$145,000

Mar. 13

2789

29,000

155,000

110,000

121,000

Oct. 20

4300

61,000

180,000

125,000

143,000

Dec. 3

4990

35,000

175,000

150,000

168,000

Assume that you are the company’s controller. Write a memo to management describing any problems that you perceive in the data presented and the steps that should be taken to eliminate recurrence of these problems.