Coffee Bean Essay

ST. GREGORYS UNIVERSITY drinking chocolate Bean, Inc. human cosmossagerial Accounting, BU2123, Research Project, Spring 2007 chocolate Bean, Inc. (CBI) is a processor and distributor of a variety of blends of deep brown. The come with buys coffee beans from around the world and roasts, blends and packages them for resale. CBI currently has 40 different coffees that it offers to gourmet shops in one- buffeting bags. The major constitute of the coffee is the lancinate coffee beans. However, there is a substantial amount of manufacturing command processing overhead season in the participations predominantly automate roasting, blending and packing process.The club uses relatively little consume labor. Some of the coffees be very ordinary and sell in large volumes, while a few of the newer blends lose very low volumes. CBI prices its coffee at manufacturing cost plus a markup of 30%. If CBIs coffee prices ar significantly higher than the market, adjustments are made to bring CBIs prices more into alignment with the market. The company competes in general on the quality of its products, but customers are price conscious as well. For the coming year, CBIs budget includes estimated manufacturing overhead cost of $3,000,000.CBI assigns manufacturing overhead to products base on direct labor-hours. The judge direct labor cost totals $600,000, which represents 50,000 hours of direct labor time. Based on the sales budget and expected bare materials costs, the company will purchase and use $6,000,000 of raw materials (mostly coffee beans) during the year. The expected costs for direct materials and direct labor for one-pound bags of two of the companys many coffee products appear below Mona Loa $4. 20 0. 30 Malayan $3. 20 0. 30 Direct Materials Direct Labor (0.025 hours per bag) CBIs professorship is very concerned astir(predicate) lowering profit margins.Several prices suck up had to be reduced to meet market pressures and other products are sel ling at good volumes without price adjustments. The president talked with CBIs controller who believes that the companys traditional costing system, which uses direct labor costs to apportion manufacturing overhead, may be providing misleading cost information.To go under whether or not this is correct, the controller has prepared an analysis of the years expected manufacturing overhead costs, as shown in the following table. Activity Center Cost device driver Purchasing Purchase Orders Materials handling take of Setups Quality control Number of Batches Roasting Roasting Hours Blending Blending Hours Packaging Packaging Hours complete manufacturing overhead cost Expected Activity 1,710 orders 1,800 setups 600 batches 96, vitamin C hours 33,500 hours 26,000 hours Expected Cost $ 513,000 720,000 144,000 961,000 402,000 260,000 $3,000,000 information regarding the expected production of two representative products, Mona Loa and. chocolate Bean Malaysian coffee, are presented below . There will be no raw materials enrolment for either of these coffees at the beginning of the year. Mona Loa Malaysian 100,000 2,000 Pounds 10,000 500 Pounds 3 3 Per batch 20,000 500 Pounds 1. 0 / 100 1. 0 /100 Hours per pound 0. 5 / 100 0. 5 /100 Hours per pound 0. 1 / 100 0. 1 /100 Hours per pound Expected sales Batch coat Setups Purchase order size Roasting time Blending time Packaging time Step into the shoes of the controller and prepare a complete narration for the president explaining the results of your seek.Compare the two product-costing orders (1) the currently-used, volume-based method, and (2) an activity-based method. The supporting tables should determine full costs and prices of both products using the two different cost allocation methods. Continue your detailed report to the president by justifying wherefore the company should remain using their present overhead allocation method or to go activity-based costing. Go beyond the accounting issues in your report , mentioning the meet on pricing, volume, and marketing decisions.Support your recommendation with current articles (Use the online resources of the SGU James J. Kelly program library to locate articles within the last year that deal with cost allocation issues). Three to five supporting articles should be sufficient to support your findings. Since this is a formal report, it will require a transmittal memo summarizing your findings. This memo/summary should be supported by a detailed report including tables and references to business/accounting literature. Include a bibliography in APA format.Also, since presidents rarely impart time to read the entire article, but are interested in their content, provide an abstract of each citation. Remember appearance, spelling, grammar count. Adapted from Managerial Accounting, octad Edition, Garrison & Noreen, Irwin, 1997. Page 2 of 2 View as multi-pages TOPICS IN THIS catalogue Cost accounting, Cost, Costs, Activity-based costing, drin king chocolate bean, coffee berry, Coffea, Price RELATED DOCUMENTS scientific discipline turn out Coffee ? Coffee To drink or not To drink? Science Essay 2013 Joanne Pang 09P2 Science 9.6, Semester 1 Tommi Svinhufvud, John Lee twenty-fifth September, 2013Insert Date Introduction When I first knew that I was going to write to the highest degree coffee, I thought Oh yeah, this is going to be easy. When I started working on the essay, I found that it was NOT easy at all. My research answers had to be factually correct, and I needed to use my own words to distract being 971 wrangling 4 Pages canvas FULL DOCUMENT Coffee Descriptive Essay Coffee Coffee is a dark brownish/black naturally caffeinated drink made from passing water with ground roasted coffee beans.Coffee is used as a great medicine to help patients, and it can be taken as a popular drink all over the world. 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