Super Bakery‚ Inc. – Costing Methods Norman Thompson ACC/561 July 24‚ 2010 In today’s economy the business world has changed tremendously with the advances of computer systems‚ global competition‚ and innovation in technology. Because of these changes businesses compete to keep their products and services profitable as well as keeping a strong customer base. The main challenges for keeping a business successful are managing the cost of services and products while keeping the company
Premium Profit Cost Costs
Super Bakery‚ Incorporated Costing Methods Super Bakery Incorporated (SBI) is a successful virtual corporation focused on supplying donuts and other baked goods to the institutional food market. SBI was founded in 1983 by former Pittsburgh Steelers’ running back Franco Harris. The management has used an outsourcing strategy‚ whereby‚ selling‚ manufacturing‚ warehousing‚ and shipping functions have been outsourced to strategic partners. The goal is to extract the maximum value-added from these
Premium Costs Cost Pittsburgh Steelers
Super Bakery’s Costing Methods Assigning cost can be a tedious process‚ and traditional costing methods such as job order and process order costing systems will not accurately assign cost. Super Bakery‚ Inc.‚ a company that produces nutrient enriched doughnuts‚ had to restructure their costing system in order to appropriately price their products. It was eventually decided to use activity based costing (ABC). The virtual nature of the company made this costing method a more accurate tool for
Premium Cost Costs Decision making
Super Bakery 1. What strategies and tactics did the management of Super Bakery‚ Inc. use to increase sales and growth? -Super Bakery has really taken a unique approach to running their business. They own this company that manufacture and sales doughnuts‚ but not really. In reality they bring many companies together under their product umbrella to manufacture‚ sale‚ store‚ and distribute doughnuts. By outsourcing all of this work they are able to "maximum value to the company while making
Premium Cost Management Decision making
Super Bakery Costing Methods Learning Team D Acc 561 Super Bakery Costing Methods Super Bakery is a virtual company‚ in this company many things go on‚ but it only deals with the core functions of the industry when the other portions of the company are contracted out. Since the bakery is a leader when it comes to the institutional baked goods market‚ the business may have ongoing concerns maintaining the quality of its goods and services. The Super Bakery management department agree
Premium Baking Cost Activity-based costing
Break-Even Analysis Paper and Presentation Accounting is an important function for businesses to run successfully. It provides a numbers based understanding to owners and management staff for assistance in areas that could lead to added financial gain. This paper will discuss strategies of the management staff for a company named Super Bakery Inc. and why it was necessary to install an accounting system known as ABC (activity based costing) for its business. This paper will also conclude on
Premium Costs Management Cost
Costing Methods Paper Nikkei Crowder Acc/561 Ena Wu January 30‚ 2012 Costing Methods Paper Former Steelers’ running back Franco Harris created Super Bakery Inc.‚ in 1990. “Super Bakery is a virtual corporation‚ in which only the core‚ strategic functions of the business are performed inside the company. The remaining activities—selling‚ manufacturing‚ warehousing‚ and shipping—are outsourced to a network of external companies”. When management suspected that the established
Premium Cost Profit margin Doughnut
Costing Methods Paper Baldomero Garza‚ Carrie Davis Tsao‚ Chelse Monnier‚ Elizabeth Sanchez‚ Lea Dague‚ ACC/561 November 26‚ 2012 Cathleen Davis Costing Methods Paper Costing Methods Franco Harris’ company Super Bakery‚ Inc. has seen significant success along with continued growth throughout its existence. The authors point out that the company has enjoyed a 20% average growth “during most of its existence” (Kimmel‚ Weygand‚ & Kieso‚ 2009). The purpose of this analysis is to identify
Premium Cost accounting Cost Management accounting
Costing Methods Paper ACC/561 7 March 2013 Costing Methods Paper Super Bakery‚ Inc. has broadened its footprint by taking on a new cost system that result in fair pricing by activities instead of product. The strategies used by the company were clear to make the improvements needed to move the company forward. Other cost systems were considered but the activity-based costing approach was best suited to the company’s needs. The job order cost system and the process cost system
Premium Price Cost Costs
Super Bakery Analysis The Super Bakery utilizes a business model that permits lower expenses of labor‚ equipment‚ factories‚ administrative spaces‚ structures‚ etc. This model is defined as a “virtual corporation minimizes investment in human resources‚ fixed assets‚ and working capital” (Kimmel‚ 2009‚ p. 910). This method obviously keeps costs down to the company itself as major operating‚ and manufacturing expenses are outsourced. Super Bakery adopted the Activity Based Accounting (ABC) to simplify
Premium Cost Manufacturing Costs