Order ID:89JHGSJE83839 | Style:APA/MLA/Harvard/Chicago | Pages:5-10 |
Instructions:
Cake Factory Standard Costing System Essay
The Cake Factory uses a standard costing system in order to promote efficiency in its giant doughnut manufacturing process.
Company data for the year 2021:
Standard quantity of dough per doughnut 0.50 kilograms
Standard rate per kilogram of dough $ 0.50
Standard baking labor rate per baking hour $12.00 per hour
Standard baking hours per doughnut 0.25 hours
Expected Production Output 4000 units
Actual Production Output Achieved 3500 units
Fixed Overhead Rate (Based on expected production) $1.00 per unit
Variable marketing $1.00 per unit
Fixed Marketing $10,000.00
Variable Overhead Rate per doughnut $ 0.60 per doughnut
Actual Unit Variable Costs of Production $ 4.04
Actual and Budgeted Fixed Costs of Production $4000.00
Selling Price $10.00
Beginning Finished Goods Inventory 0 units
Beginning WIP 0 units
Ending WIP 0 units
Units Sold 3000 units
Required:
Prepare, applying standard costs, an absorption costing income statement adjusting cost of goods sold for all manufacturing cost variances.
What are the potential implications of using absorption costing income for
evaluating the production manager’s performance?
What controls or measures can the controller implement to minimize or eliminate the concerns outlined in requirement 2?
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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Cake Factory Standard Costing System Essay |
Cake Factory Standard Costing System Essay