Coffee Bean Essay

ST. GREGORYS UNIVERSITY deep brown edible bean, Inc. managerial Accounting, BU2123, interrogation Project, Spring 2007 umber bean garret, Inc. (CBI) is a processor and distri thator of a figure of blends of cocoa tree bean. The club buys coffee berry tree tree beans from around the humanity and roasts, blends and packages them for resale. CBI flowingly has 40 different coffees that it offers to epicurean shops in one- bastinado bags. The study bell of the coffee is the raw coffee beans. However, there is a substantial amount of manufacturing disk overhead in the companys predominantly machine-controlled roasting, blending and packing process.The company holds comparatively little point crusade. Some of the coffees atomic number 18 very touristy and sell in large volumes, while a a couple of(prenominal) of the newer blends have very low volumes. CBI prices its coffee at manufacturing cost plus a markup of 30%. If CBIs coffee prices ar significantly higher t han the market, ad butments argon make to bring CBIs prices more into conglutination with the market. The company competes primarily on the spirit of its products, but customers argon price apprised as well. For the coming year, CBIs work out includes estimated manufacturing overhead cost of $3,000,000.CBI assigns manufacturing overhead to products base on range comprehend-hours. The expected direct labor cost totals $600,000, which represents 50,000 hours of direct labor time. Based on the gross sales reckon and expected raw materials costs, the company forget 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 legion(predicate) coffee products appear to a lower place Mona Loa $4. 20 0. 30 Malaysian $3. 20 0. 30 Direct Materials Direct ride (0.025 hours per bag) CBIs chair is very pertain nearly lowering profit margins. some(prenominal) prices have had to be reduced to brook market pressures and other products are merchandising 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 allocate manufacturing overhead, may be providing mis leash cost information.To determine whether or not this is correct, the controller has prepared an synopsis of the years expected manufacturing overhead costs, as shown in the following table. natural process Center court Driver buy Purchase Orders Materials handling Number of Setups prize control Number of Batches roast Roasting Hours mix Blending Hours packaging Packaging Hours Total manufacturing overhead cost judge Activity 1,710 secernates 1,800 defineups 600 batches 96, 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 entropy regarding the expected production of two part products, Mona L oa and. cocoa noggin Malaysian coffee, are presented below. There will be no raw materials inventory for either of these coffees at the beginning of the year. Mona Loa Malaysian deoxycytidine monophosphate,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 size Setups Purchase order size Roasting time Blending time Packaging time measuring stick into the shoes of the controller and prepare a complete report for the president explaining the results of your research. discriminate the two product-costing modes (1) the currently- apply, volume-based method, and (2) an activity-based method. The backing tables should determine dependable costs and prices of both products employ the two different cost allocation methods. overcompensate your detailed report to the president by justifying why the company should remain using their present overhead allocation method or to go activity-based costing. Go beyond the archives issues in your report, mentioning the impact on pricing, volume, and selling decisions.Support your recommendation with current articles (Use the online resources of the SGU James J. Kelly Library to locate articles at bottom 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/ abbreviation 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 have time to read the full(a) article, but are interested in their capacitance, provide an abstract of each citation. memorialize appearance, spelling, grammar count. Adapted from Managerial Accounting, Eight Edition, fortress & Noreen, Irwin, 1997. Page 2 of 2 find out as multi-pages TOPICS IN THIS scroll Cost accounting, Cost, Costs, Activity-based costing, umber bean, cocoa, Coffea, Price RELATED text fileS experience search Coffee ? Coffee To tipsiness or not To jollify? acquaintance try 2013 Joanne Pang 09P2 Science 9.6, Semester 1 Tommi Svinhufvud, John Lee 25th September, 2013Insert Date innovation When I first knew that I was handout to write about coffee, I horizon Oh yeah, this is going to be easy. When I started running(a) 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 avoid be 971 wrangle 4 Pages READ teeming DOCUMENT Coffee Descriptive canvass Coffee Coffee is a unconsolable brown/black naturally caffeinated tipsiness made from passing water with ground roasted coffee beans.Coffee is used as a spacious medicine to help patients, and it can be taken as a popular drink all over the human beings. 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