1. In addition to the cost of food products and food service employees, what other expenses will Technomar incur by providing free meals to its employees?
Q: Each year, Sunshine Motos surveys 7,500 former and prospective customers regarding satisfaction and…
A: The difference in the total costs as a result of the change in certain activities is known as the…
Q: Sal Amato operates a residential landscaping business in an affluent suburb of St. Louis. In an…
A: Service refers to transaction in which there is no transfer of physical goods. It is measured in…
Q: Jerry is a personnel manager for a large retail department store. He justreceived a memo stating…
A: The systematic process of the assumptions that are determined in beforehand in order to achieve the…
Q: Steve and Linda Hom live in Bartlesville, Oklahoma. Two years ago, they visited Thailand. Linda, a…
A: Since we only answer up to 3 sub-parts, we’ll answer the first three. Please resubmit the question…
Q: Sal Amato operates a residential landscaping business in an affluent suburb of St. Louis. In an…
A: Step 1 In costing, variance is the discrepancy in the utilization and procurement's of factors of…
Q: For the past 11 years, Elaine Wright has been an employee of the Star-Bright Electrical Supply…
A: Controls It refers to the measures adopted by an enterprise to provide reasonable assurance that the…
Q: John Patrick has recently been hired as controller of Valdosta Vinyl Company (VVC), a manufacturer…
A: 1.Company VVC using a plant wide overhead rate which is applied on the basis of direct labor…
Q: Sunrise Tours, a company owned by David Bartlett that sells motor coach tours to schools and other…
A: The requirement part is missing, therefore it is assumed.
Q: Estimate the cost equation using the high-low method, and draw this line on your graph.
A: Calculate the difference between the highest and lowest observation as follows: The difference in…
Q: Sal Amato operates a residential landscaping business in an affluent suburb of St. Louis. In an…
A: In costing, variance is the discrepancy in the utilization and procurement's of factors of…
Q: Tim is the vice president of western operations for Maroon Oil Company and is stationed in San…
A: Here given the details of the benefits which are available from the employer to the employee in the…
Q: PT. Alakishia has been operating in Jakarta for more than 10 years. Aries is one of the employees…
A: Auditing is done in order to check and authenticate the financial statements are presented as per…
Q: After working for years as a regional manager for a retail organization, Scott Parry opened his own…
A: An information system is a formal process for collecting data, processing the data into information,…
Q: Sal Amato operates a residential landscaping business in an affluent suburb of St. Louis. In an…
A: Standard costing in simple terms can be defined as a system in which the standard costs and revenues…
Q: friend of yours owns a kitchen manufacturing business in Limerick City called Blurred Kitchens…
A: Concept used:
Q: Sunrise Tours, a company owned by David Bartlett that sells motor coach tours to schools and other…
A: Responsibility center: A department or unit of a corporation where the management assigns the…
Q: James Akerley is the department manager of a restaurant that is part of a larger organization that…
A: James akerley is the department manager of the restaurant The restaurant has two servers and had…
Q: Kim Epson operates a full-service car wash, which operates from 8 a.m. to 8 p.m., 7 days a week. The…
A: Capacity of automatic washing & drying station: =30 cars per hour=30×12=360 cars/dayCurrent…
Q: consumer focus is a marketing research firm that organizes focus groups for consumer – product…
A: Serial number Direct/Indirect cost Variable/Fixed A Direct cost Variable B…
Q: Steve and Linda Hom live in Bartlesville, Oklahoma. Two years ago, they visited Thailand. Linda, a…
A:
Q: Jennifer Caratini has recently accepted the job as the foodservice director for Techmar Industries,…
A: In addition to the cost of food products and foodservice employees, what other expenses will…
Q: Paula Beane owns a restaurant franchise that is part of a chain of “southern homestyle” restaurants.…
A:
Q: A friend of yours owns a kitchen manufacturing business in Limerick City called BlurredKitchens…
A: a) Detailed report of all the costs involced: No. of Kitchens = 25 Currency Unit - GH₵ Timber, 4600…
Q: Lucy Quarantina is the owner and manager of a catering company. QCS provides complete meals…
A: Flowchart highlights the key steps of a process in a chart format
Q: bassador Suites Inc., operates a downtown hotel property that has 300 rooms. On average, 80% of…
A: Ambassador Suites Inc. Direct labor cost budget For a weekday or weekend day…
Q: TASK TIME SPENT HOURS PER YEAR Bookkeeping 2 hours/week Cleaning and maintenance 3 hours/week…
A: Non-Productive time is the unproductive or not beneficial time, in which not producing goods…
Q: You are assisting in the small restaurant business of your father. As it is located in the…
A: GEMS stands for Goal Setting, Execution, Measuring, and Sustaining. Goal setting involves setting up…
Q: A friend of yours owns a kitchen manufacturing business in Limerick City called Blurred Kitchens…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: Sixty-year-old Wanda Davis retired from her computer consulting business in Boston and moved to…
A: Income-sharing ratio The ratio in which the income of partnership firm is distributed among the…
Q: Sunrise Tours, a company owned by David Bartlett that sells motor coach tours to schools and other…
A: Requirement is missing, therefore it is assumed that the question is with regard to the…
Q: After working for years as a regional manager for a retail organization, Scott Parry opened his own…
A: Business Transaction- A business transaction is also known as a financial transaction because it is…
Q: T. Alakishia has been operating in Jakarta for more than 10 years. Aries is one of the employees who…
A: Auditing is the objective audit of a company's financial records. Auditing exists solely to form an…
Q: Jennifer Caratini has recently accepted the job as the foodservice director for Technomar…
A: SOLUTION- BUDGET IS A SPENDING PLAN BASED ON INCOME AND EXPENSES . IN OTHER WORDS, IT IS AN…
Q: Sunrise Tours, a company owned by David Bartlett that sells motor coach tours to schools and other…
A:
Q: Super Seniors is a not-for-profit organization that provides services to senior citizens. Super…
A: Definition: Expenses: Expenses are costs incurred for the operations of a business. The costs…
Q: Jennifer Caratini has recently accepted the job as the foodservice director for Technomar…
A: Operating budget: It is the budget prepared by the firm consisting of the estimation of revenue and…
Q: John Milton and two of his colleagues are considering opening a law office in New York City that…
A:
Q: AgriFoods, Inc. prepares and delivers agricultural products to industrial-scale kitchens and food…
A: When business receives amount for revenues to be earned in future, then that amount is, recorded as…
Q: Hellen and Shana run their own business. Every Friday they take two gas grills and grill burgers in…
A: Average cost per unit is the cost allocated to each unit of productions which has been incurred to…
Q: Required What is the excess of gross margin over customer costs for each category of customer? Write…
A: Given that: The company has one full time customer representative per 200 Titanium customers and one…
Q: Jimmy Pace has recently been hired as the manager of Jittery Jon’s Coffee Shop. Jittery Jon’s Coffee…
A: Explanation:
Q: Kim Epson operates a full-service car wash, which operatesfrom 8 a.m. to 8 p.m., 7 days a week. The…
A: The automatic washing and drying station can handle 30*12=360 cars a day so we do not have to worry…
Q: Sal Amato operates a residential landscaping business in an affluent suburb of St. Louis. In an…
A: Answer - Type I fertilizer: Price Variance: Actual quantity purchased x actual price( 5,000…
Q: Paula Beane owns a restaurant franchise that is part of a chain of “southern homestyle” restaurants.…
A: Usually, the responsibility of the cost of the items is held with the purchasing agent and mainly…
Jennifer Caratini has recently accepted the job as the foodservice director for Technomar Industries, a corporation with 1,000 employees. As their foodservice director, Jennifer's role is to operate a company cafeteria, serving 800 to 900 meals per day, as well as an executive dining room, serving 100 to 200 meals per day. All of the meals are provided "free of charge" to the employees of Technomar. One of Jennifer's first job is to prepare a budget for next year's operations.
1. In addition to the cost of food products and food service employees, what other expenses will Technomar incur by providing free meals to its employees?
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Jennifer Caratini has recently accepted the job as the foodservice director for Techmar Industries, a corporation with 1,000 employees. As their foodservice director, Jennifer’s role is to operate a company cafeteria, serving 800 to 900 meals per day, as well as an executive dining room, serving 100 to 200 meals per day. All of the meals are provided “free of charge” to the employees of Techmar. One of Jennifer’s first jobs is to prepare a budget for next year’s operations. In addition to the cost of food products and foodservice employees, what other expenses will Techmar incur by providing free meals to its employees? Since employees do not pay for their food directly, what will Jennifer likely use as the “revenue” portion of her budget? How do you think this number should be determined? In addition to her know-how as a foodservice director, what skills will Jennifer likely need as she interacts with the executives at Techmar who must approve her operating budget?Jennifer Caratini has recently accepted the job as the foodservice director for Technomar Industries, a corporation with 1,000 employees. As their foodservice director, Jennifer's role is to operate a company cafeteria, serving 800 to 900 meals per day, as well as an executive dining room, serving 100 to 200 meals per day. All of the meals are provided "free of charge" to the employees of Technomar. One of Jennifer's first job is to prepare a budget for next year's operations. Question:Since employees do not pay for their food directly, what will Jennifer likely uses the "revenue" portion of her budget? How do you think this number should be determined? of her budget?Jennifer Caratini has recently accepted the job as the foodservice director for Techmar Industries, a corporation with 1,000 employees. As their foodservice director, Jennifer’s role is to operate a company cafeteria, serving 800 to 900 meals per day, as well as an executive dining room, serving 100 to 200 meals per day. All of the meals are provided “free of charge” to the employees of Techmar. One of Jennifer’s first jobs is to prepare a budget for next year’s operations. In addition to the cost of food products and foodservice employees, what other expenses will Techmar incur by providing free meals to its employees? Since employees do not pay for their food directly, what will Jennifer likely use as the “revenue” portion of her budget? How do you think this number should be determined? In addition to her know-how as a foodservice director, what skills will Jennifer likely need as she interacts with the executives at Techmar who must approve her operating budget? For additional…
- Mary Tan is the controller for Duck Associates, a property management company in Portland, Oregon. Each year, Tan and payroll clerk Toby Stock meet with the external auditors about payroll accounting. This year, the auditors suggest that Tan consider outsourcing Duck Associates’ payroll accounting to a company specializing in payroll processing services. This would allow Tan and her staff to focus on their primary responsibility: accounting for the properties under management. At present, payroll requires 1.5 employee positions: payroll clerk Toby Stock and a bookkeeper who spends half her time entering payroll data in the system. Tan considers this suggestion, and she lists the following items relating to outsourcing payroll accounting: a. The current payroll software that was purchased for $4,000 three years ago would not be needed if payroll processing were outsourced. b. Duck Associates’ bookkeeper would spend half her time preparing the weekly payroll input form that is…Mary Tan is the controller for Duck Associates, a property management company in Portland, Oregon. Each year, Tan and payroll clerk Toby Stock meet with the external auditors about payroll accounting. This year, the auditors suggest that Tan consider outsourcing Duck Associates' payroll accounting to a company specializing in payroll processing services. This would allow Tan and her staff to focus on their primary responsibility: accounting for the properties under management. At present, payroll requires 1.5 employee positions—payroll clerk Toby Stock and a bookkeeper who spends half her time entering payroll data in the system. Tan considers this suggestion, and she lists the following items relating to outsourcing payroll accounting: The current payroll software that was purchased for $4,000 three years ago would not be needed if payroll processing were outsourced. Duck Associates' bookkeeper would spend half her time preparing the weekly payroll input form that is given to the…Mary Tan is the controller for Duck Associates, a property management company in Portland, Oregon. Each year, Tan and payroll clerk Toby Stock meet with the external auditors about payroll accounting. This year, the auditors suggest that Tan consider outsourcing Duck Associates’s payroll accounting to a company specializing in payroll processing services. This would allow Tan and her staff to focus on their primary responsibility: accounting for the properties under management. At present, payroll requires 1.5 employee positions—payroll clerk Toby Stock and a bookkeeper who spends half her time entering payroll data in the system. Tan considers this suggestion, and she lists the following items relating to outsourcing payroll accounting: The current payroll software that was purchased for $4,000 three years ago would not be needed if payroll processing were outsourced. Duck Associates’s bookkeeper would spend half her time preparing the weekly payroll input form that is given to the…
- For the past 11 years, Elaine Wright has been an employee of the Star-Bright Electrical Supply store. Elaine is a very diligent employee who rarely calls in sick and staggers her vacation days throughout the year so that no one else gets bogged down with her tasks for more than one day. Star-Bright is a small store that employs only four people other than the owner. The owner and one of the employees help customers with their electrical needs. One of the employees handles all receiving, stocking, and shipping of merchandise.Another employee handles the purchasing, payroll, general ledger, inventory, and AP functions. Elaine handles all of the point-of-sale cash receipts and prepares the daily deposits for the business. Furthermore, Elaine opens the mail and deposits all cash receipts (about 30 percent of the total daily cash receipts). Elaine also keeps the AR records and bills the customers who purchase on credit.Point out any control weaknesses you see in the scenario. List some…> Mary Tan is the controller for Duck Associates, a property management company in Portland, Oregon. Each year, Tan and payroll clerk Toby Stock meet with the external auditors about payroll accounting. This year, the auditors suggest that Tan consider outsourcing Duck Associates's payroll accounting to a company specializing in payroll processing services. This would allow Tan and her staff to focus on their primary responsibility: accounting for the properties under management. At present, payroll requires 1.5 employee positions-payroll clerk Toby Stock and a bookkeeper who spends half her time entering payroll data in the system. meniups/l Tan considers this suggestion, and she lists the following items relating to out- sourcing payroll accounting: a. The current payroll software that was purchased for $4,000 three years ago would not be needed if payroll processing were outsourced. b. uck Associates's bookkeeper would spend half her time preparing the weekly payroll input form that…consumer focus is a marketing research firm that organizes focus groups for consumer – product companies. Each focus group has eight individuals who are paid $50 per session to provide comments om new products. these focus groups meet in hotels and are led by a trained, independent, marketing specialists hired by consumer focus. Each specialist is paid a fixed retainer to conduct a minimum number of sessions and a per sessions fee of $2000. A consumer focus staff member attends each session to ensure that all the logistical aspects run smoothly.Required: - Classify each of the following cost items as:a. Direct or indirect (D or I) costs with respect to each individual focus group.b. Variable or fixed (V or F) costs with respect to how the total costs of consumer focus change as the number of focus groups conducted changes.( if in doubt, select on the basis of whether the total costs will change substantially if there is a large change in the number of groups conducted.)You will have…
- Relco Industries recently purchased Arbeck, Inc., a manufacturer of electrical components that the construction industry uses. Roland Ford has been appointed as chief financial officer of Arbeck, and the president of Relco, Martha Sanderson, has asked him to prepare an organizational chart for his department at Arbeck. The chart that Ford has prepared is shown in the figure. Ford believes that the treasurer’s department should include the following employees: assistant treasurer, manager of accounts receivable and four subordinates, manager of investments and three subordinates, and manager of stockholder relations and two subordinates—a total of 13 employees besides the treasurer.The controller’s department should consist of an assistant controller, a manager of general accounting and four subordinates, a manager of fixed asset control and three subordinates, and a manager of cost accounting with four subordinates—a total of 15 employees besides the controller.When Ford presented his…AgriFoods, Incorporated prepares and delivers agricultural products to industrial-scale kitchens and food service providers. One of its key customers is Home Kitchen & Company, which provides cafeteria solutions for corporations and universities. On January 1, 2024, AgriFoods obtained a one-year contract to supply a pre-specified amount of vegetables to Home Kitchen, and received $600,000 in cash. Then, on March 15, AgriFoods hired Home to run one of its employee cafeterias for a period of six months, from April to September, and paid $70,000 in cash. For similar arrangements, Home usually charged $50,000. Required: (a) Prepare the journal entries AgriFoods would record on January 1, 2024 and January 31, 2024 with respect to the sales contract. Assume revenue is accrued on a monthly basis. (b) Prepare the journal entry to account for AgriFoods’ purchase of Home’s services.Madison is the newly appointed manager of spark communication a small computer monitor manfacturing company based out of halifox nova Scottia. During her first few days on the jobs she collected the following data about the company. The company has the capacity to produce 750 monitors per month and is currently producing 525monitors every month and selling it to wholesaler The company is expenses are :rent $4000 per month, salaries of $12500 per month, insurance of $1500 per month , material is of $6 permonth, labour of $35 per month and sales commissions of $19 per month. Each month is sold for $105. a. What is the contribution margin and the contribution rate? b. What is the break even volume and break even revenue per month? c. How much net income per month we earned at the current level of presentation.?
