Description
This project will assess your ability to compute budget variances and make decisions based on financial information. You began working on the project in Module 6, and you will complete and submit it by the end of Module 7. This assignment will address the following Module Outcome: MO7-4: Compute standard cost variances for direct materials and direct labor. (CO #5) Suppose you manage the local Smoothie King smoothie bar. In addition to selling fruit smoothies, you make large batches of a few flavors of high protein-blend smoothies to sell throughout the day. Your store is chosen to test the company’s “Pick-Your-Smoothie” system. This new system enables patrons to customize their smoothies by choosing different blends. Customers like the new system, and your staff appears to be adapting, but you wonder whether this new made-to-order system is as efficient as the old system in which you just made a few large batches. Efficiency is a special concern because your performance is evaluated in part on the restaurant’s efficient use of materials and labor. Your superiors consider efficiency variances greater than 5% to be unacceptable. You decide to look at your sales for a typical day. You find that the store used 285 pounds of protein blend and 150 hours of direct labor to produce and sell 3,000 smoothies. The standard quantity allowed for a high-protein smoothie is 0.1 pound of protein blend and 0.045 hour of direct labor. The standard costs are $3.00 per pound of protein blend and $12 per hour for labor. Requirements: Compute the efficiency variance for direct labor and direct materials. Write a 2-4 page report to Smoothie King’s national office that includes your calculations for the variances and addresses the following items: Explain whether you have reason to be concerned about your performance evaluation. Explain your concerns about the variance results and suggest a remedy. Explain what each variance means. Justify the importance of analyzing variances. Use your textbook and one other source as references to support your explanations
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Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?
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Our essay writers are graduates with diplomas, bachelor’s, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college diploma. When assigning your order, we match the paper subject with the area of specialization of the writer.
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Any deadline
Skilled, Experienced Native English Writers
Subject-relevant academic writer
Adherence to paper instructions
Ability to tackle bulk assignments
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24/7 Customer Support
Get superb grades consistently
How It Works
1. Place an order
You fill all the paper instructions in the order form. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.
2. Pay for the order
Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. The paper subject is matched with the writer’s area of specialization.
3. Track the progress
You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer. Receive a paper.
4. Download the paper
The paper is sent to your email and uploaded to your personal account. You also get a plagiarism report attached to your paper.
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