Question: Required: 1 . Did the purchasing manager, Jack Smith, act ethically? 2 . Did the controller, Marc Rigas, act ethically when he asked Jack Smith

Required:

1 .

Did the purchasing manager, Jack Smith, act ethically?

2 .

Did the controller, Marc Rigas, act ethically when he asked Jack Smith about the quality of the wood?

3 .

Did Marc Rigas act ethically when he went to the production manager, Amy Wilcox, with his concerns? What should he do when he knew the quality of the wood was not suited for the cutting boards?

4 .

What is the weakness of standard costing as reflected in this case? Suggest your solution to overcome the weakness.

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