Planning

 The company has people on board who are highly experienced and understand on
how to best achieve company goals.
 The business has detailed information and data that can be utilized to develop the
business to attract the numbers of customers they want to attract per time.
 Management proposes new and innovative products that can be introduced to the
market.
 Advertise coconut products in community through brochures, local expos and
radio stations.
 Make sure that the right foundation, structures and processes are put in place to
ensure that staff welfare are well taken of.
 The owner considers recommendations of the management before plan is
approved.

Controlling
 Top Management reviews the management system at planned intervals to ensure
its continuing suitability, adequacy and effectiveness.
 Activities of the operation are distributed and overseen by different personnel
 Resources allocation is done with consideration of the capability and constraints
on existing internal resources as well as needs related to supplier expectations.
 Managers need to know the specific cost drivers of their business.
 Understand the production and sales process as well as having detailed knowledge
of the systems that drive the company’s day-to-day activities.
 Analyze every operation and activity, and eliminate idle time and non-productive
steps.

Budgeting
 The management prepares operating plans for the coming periods.
 A properly prepared budget allows management to give attention to results that
deviate significantly from planned levels.
 Management considers the company’s future plans and express expected activities.
 Collect information on sales and costs from the previous year to provide reference
in the preparation of the budget for the current year
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Product Costing
 Allocate all costs down to individual units of finished product.
 Materials and labor are both classified as either direct or indirect.
 Depreciation and general administrative expense are considered as expenses while
product cost does include overhead costs.
 Company uses overall costs to plan a variety of business strategies, including
setting product prices and developing promotional campaigns.