Cummings Corp. case Memo: August Production Data BUS 511 CASE 4 CPA BEC S3 Memo To: All Cummings Corp. From: James Blake, manager-Plumbing Parts division Date: September 20, Year 3 Re: August production data and future forecasts Here are the price and usage results from August for our Plumbing Parts division: Price of iron purchased Price of copper purchased $6.10/Ib $9.60/lb. Number of pipes/elbows produced 12,000 units Pounds of copper used 750 lbs. Pounds of Iron used 4,800 lbs. As you know, our division manufactures specialized pipes and elbows primarily for Industrial/Institutional facilities. The raw materials used for these related products are Iron and copper, with iron the primary production Input. Over the last few months, we have negotiated price reductions from our suppliers and expect per- pound prices for iron and copper to fall by 10 cents and 15 cents, respectively. These price reductions should begin to take effect next month. E-mail Financial Data Small Tools Division Tuesday, September 18, Year 3 10:26 a.m. Abrams, Shane (manager, Small Tools division-Cummings Corp.) Small Tools division-Financial data quarter ended 8.31 To: Hi Will, Samuels, William (head of Production-Cummings Corp.) Please see the screen shot below, which reflects the quarterly performance for Small Tools-actuals to budget.