HNI Corporation is the second-largest office furniture manufacturer in the world, and the nation's leading manufacturer and marketer of gas- and wood-burning fireplaces. HNI Corporation engages in the design, manufacture, and marketing of a range of office furniture and hearth products. It offers storage products, including vertical files, lateral files, pedestals, and high density filing; seating products comprising task chairs, executive desk chairs, conference/training chairs, and side chairs; office systems consisting of modular and moveable workspaces with integrated work surfaces, space dividers, and lighting; and desks and related products, including tables, bookcases, and credenzas. The company's hearth products include wood- and gas-burning factory-built fireplaces; pellet and electric hearth appliances; fireplace inserts; stoves; gas logs; and accessories. HNI distributes products through a network of independent office furniture dealers, office products dealers, wholesalers, and retailers. It operates primarily in the United States, Canada, Mexico, China, and Taiwan. The company was founded in 1944 and is headquartered in Muscatine, Iowa.
The main goal of my internship was to develop a common methodology for allocating costs from the plant level to the factory level ? to promote better understanding of financial results and how they are influenced. This would involve understanding of how assets are utilized and the nature of fixed and variable costs. The focus was on the three HON Muscatine plants, which is why there are two mentors identified in each of the three plants in Muscatine. The end deliverable was a factory financial statement or scorecard. Additionally, a template was created that could be used in the other HON plants.
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