Q. Radhuni, a traditional bangla restaurant, incurs the following costs: a. Salaries of the food specialists who create new Biriyani for the restaurant chain b. Cost of “to-go” bags requested by customers who could not finish their meals in the restaurant Required: Just Classify each of the cost items (a,b) as one of the business functions of the value chain
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Q. Radhuni, a traditional bangla restaurant, incurs the following costs:
a. Salaries of the food specialists who create new Biriyani for the restaurant chain
b. Cost of “to-go” bags requested by customers who could not finish their meals in the
restaurant
Required: Just Classify each of the cost items (a,b) as one of the business functions of the value chain
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- Kojo coffee shop has the following cost: Coffee beans, Barista salary, Coffee shop Rent, Milk, utilities, and supervisor salary. . Classify the above XY Coffee shop cost according to the following classifications: Cost Cost tractability Cost behavior Value-adding Financial statementAssume you are the warehouse manager for Vinnies Vinyls, a multi-location business specializing in vinyl records. Vinniess operates under a cost-based transfer structure and the warehouse supplies all stores with the records. The stores can purchase records only from the warehouse, and the warehouse can only sell to Vinnies stores. The manager of the West store has some concerns relating to the stores financial performance and has asked for your help analyzing transfer costs. After calculating the operating income in dollars and the operating income percent, analyze the following financial information to determine costs that may need further investigation. (Hint: it may be helpful to perform a vertical analysis.)VVH Training is a company that provides expert training sessions on how to run your business and make it profitable. They offer these training sessions in their offices and offer catering services during the sessions. You have been hired to complete a profitability analysis and you decided to start by completing a cost analysis of the business, in order to figure out for each training sessions, what costs are fixed and what costs are variable. You were able to gather the following information about the associated costs: Instructor: $11,000 per session Training Material: $2,500 per session and $35 per attendee Catering Services: Food: $75 per attendee Setup/cleanup: $25 per attendee Fixed fee: $5,000 per training session The catering company has also offered VVH Training a 1,000$ discount per session, if they are willing to leave their brochures on the dinner table as a form of advertising. VVH has accepted the offer saying that it is a no-brainer Required: plot a…
- ell Computer incurs the following costs: LOADING... (Click the icon to view the costs.) Requirement Classify each of the cost items (a-h) into one of the business functions of the value chain. Cost Item Value Chain Business Function a. Utility costs for the plant assembling the Latitude computer line of products b. Distribution costs for shipping the Latitude line of products to a retail chain c. Payment to David Newbury Designs for design of the XPS 2-in-1 laptop d. Salary of computer scientist working on the next generation of servers e. Cost of Dell employees' visit to a major customer to demonstrate Dell'sThe success of a business depends on many things. For example, you are the senior manager of the ABC Hypermarket, Explain Mr. Said, the new manager how to understand the customers and the competition. In addition also explain control costs and how to price their products and services. Explain Mr. Said about Markup & Margin with the following situations. Required: (a) Situation 1: Calculating OMR amount of markup and percent markup on cost. Signature" jeans cost, OMR 1800. Signature" jeans selling price OMR 2300. (b) Situation 2: Calculating selling price based on following information. Lamp cost, OMR200. 40% markup on selling price (c) Situation 3: Calculating cost based on following information Tennis racket selling price OMR 800 40% markup on costA local coffee shop has two major product lines—drinks and pastries. If the manager allocates common costs on any objective basis discussed in this chapter, the drinks are profitable, but the pastries are not. The manager is concerned that the supervisor at corporate headquarters will drop the pastries. The manager is concerned because a relative, who is struggling to make a go of a new business, supplies pastries to the coffee shop. The manager, therefore, decides to allocate all common costs to the drinks because “Drinks can afford to absorb these costs until we get the pastries line on its feet.” After assigning all common costs to drinks, both the drinks and pastries product lines appear to be marginally profitable. Consequently, corporate headquarters decides to continue the pastries line. What can we do to boost pastry sales?
- The above costs include all of the costs of the restaurant except for organization-sustaining costs such as rent, property taxes, and top- management salaries. Some costs, such as the cost of cleaning the linens that cover the restaurant's tables, vary with the number of parties served. Other costs, such as washing plates and glasses, depend on the number of diners served or the number of drinks served. Prior to the activity-based costing study, the owner knew very little about the costs of the restaurant. She knew that the total cost for the month (including organization-sustaining costs) was $180,000 and that 12,000 diners had been served. Therefore, the average cost per diner was $15. Required: 1&2. According to the activity-based costing system, what is the total cost and average cost per diner for serving each of the following parties of diners? (Round your intermediate calculations to 2 decimal places. Round your Total Cost final answers to 2 decimal places and your Average Cost…A local coffee shop has two major product lines—drinks and pastries. If the manager allocates common costs on any objective basis discussed in this chapter, the drinks are profitable, but the pastries are not. The manager is concerned that the supervisor at corporate headquarters will drop the pastries. The manager is concerned because a relative, who is struggling to make a go of a new business, supplies pastries to the coffee shop. The manager, therefore, decides to allocate all common costs to the drinks because “Drinks can afford to absorb these costs until we get the pastries line on its feet.” After assigning all common costs to drinks, both the drinks and pastries product lines appear to be marginally profitable. Consequently, corporate headquarters decides to continue the pastries line. Required How would you recommend the manager allocate the common costs between drinks and pastries? You are the assistant manager and have been working with the manager on the allocation…Hello there, can you please help to answer these couple of questions? 1. What are some product costs related to McDonald’s French fries? 2. What are some period costs related to the manufacture and sale of McDonald’s French fries? Thanks
- Felipes Restaurant and Pie Shop needs help defining the costs for his business. He also wants to know which costs are relevant or irrelevant to his decision. Identify each cost as relevant or irrelevant. Then identify the type of cost (sunk. fixed, variable, or opportunity).Assume that a company owns three supermarkets-A, B, and C. Supermarket A incurs numerous costs, one of which is called Store Manager's salary. Which of the following choices properly classifies this particular cost with respect to the chosen cost objects: A) B) C) D) Cost Object: Deli Cost Object: A particular Department customer Direct No Yes Yes No Multiple Choice Indirect Yes No No Yes Choice A Choice B Choice C Choice D Direct No NO Yes Yes Indirect Yes Yes No NoQ. Radhuni, a traditional bangla restaurant, incurs the following costs:a. Cost of special Canola oil for developing new dishes on Pohela Boishakh festivalsb. Commissions paid to Food Panda for serving online customer ordersc. Cost of the new clothes for the staffs on the event of Pohela Boishakh television commercialsd. Cost of children’s toys given away free with kids’ mealse. Cost of the posters indicating the special “two dishes for $2.50”f. Costs of frozen onion rings and Fishesg. Salaries of the food specialists who create new Biriyani for the restaurant chainh. Cost of “to-go” bags requested by customers who could not finish their meals in therestaurantRequired: Just Classify each of the cost items (a–h) as one of the business functions of the value chain