MANAGERIAL ACCOUNTING WRITING ASSIGNMENT #1 Industrial Paints Inc. has engaged you to help the company analyze and update its costing and pricing practices. The company product line has changed over time from general paints to specialized marine coatings. Although some large orders are received, the majority of business is now generated from products designed and produced in small lot sizes to meet specifically detailed environmental and technical requirements. The company has experienced tremendous support cost growth, including costs in customer service, production scheduling, inventory control, and laboratory work. Manufacturing support has essentially doubled since the shift in product lines. Management believes that large orders are being penalized and small orders are receiving favorable cost ( and therefore selling price) treatment. Write a memo to Evan Smith, the president, suggesting how it should change the cost accounting system to reflect the changes in the business.