Skullcandy sells headphones and other audio-mobile accessories and apparel. The company’s plans call for continued expansion into other types of products.
Required
1. How can Skull candy use departmental income statements to assist in understanding and controlling operations?
2. Are departmental income statements always the best measure of a department’s performance? Explain.
3. Provide examples of nonfinancial performance indicators Skull candy might use as part of a balanced scorecard system of performance evaluation.