Cost accounting joe and the peanut rack

cost accounting joe and the peanut rack Joe's bistro and the peanut problem joe's bistro and the peanut problem the following dialogue is reputed to have occured between a restauranteur , joe, and his accountant after joe had added a rack of peanuts to his counter, intending to pick up some additional business in the ordinary course of trade.

If joe sold 50 bags of peanuts every week, he would make a profit of $750 from the peanut sale it would take almost 7 weeks for him to recover the cost of the rack joe stated to the efficiency expert that the rack of peanuts was placed at a dead spot at the end of the counter. Freeman - co. Cost accounting is described as the evaluating approach to the overall cost of when the business evaluates the cost that is associated with the business cost accounting consists of the identification, measurement, collection, analysis, preparation, and communication of financial information (khan, 2010.

Bessie wants to calculate the accounting and economic profits on her cattle farm in nebraska she pays $30,000 per year for the cost of raising cattle, $80,000 in wages, and $20,000 in insurance she forgoes $30,000 per year that she could make as a teacher. Eff ex: joe, you said you put in these peanuts because some people ask for them, but do you realise what this rack of peanuts is costing you joe: it ain''t gonna cost ''sgonna be a profit sure, $125 for a fancy rack to hold bags, but the peanuts cost 30cent a bag and i sell ''em for 50cent. Hese peanut butter cookies are the perfect afternoon snack serve with a glass of milk for the ultimate cookie experience position racks in upper and lower thirds of oven and preheat to 350°f butter 2 large baking sheets whisk together flour, baking soda and salt in a medium bowl step 2 with an. Joe runs a store and diner he started to sell bags of peanuts, which he keeps in a heated rack on his front counter he thought that he was making a profit because the bags cost him 6 cents a bag and he sell them for 10 cents.

Joe it ain't gonna cost 'sgonna be a profit 'sgonna be a profit sure, i pay $25 for a fancy rack to bags, but the peanuts cost 6 cents and i sell 'em for 10 cents. Make peanut butter banana brownies - step-by-step step 1 once you've preheated your oven, get out a large bowl and mash two ripe bananas step 2 add sugar, oil (rapeseed or canola), almond milk, 1 tbsp of peanut butter (the rest comes later), and vanilla extract. Trader joe's organic creamy unsalted peanut butter will be more satisfying if there are only nine other peanut butters a shopper might have purchased instead of 39 having a wide selection may help get customers in the store, but it won't increase the chances they'll buy. By the peanut rack is worth $2,500 per year since you have taken that area away from general counter use, you must charge the value of the space to the occupant.

Eff ex joe, you said you put in these peanuts because some people ask for them, but do you realize what this rack of peanuts is costing you joe it aint gonna cost. Consequently, the cost of a square foot of space occupied by the peanut rack is £250 per year since you have taken that area away the general counter use, you must charge the value of the space to the occupant. Joe dusts and admires his new peanut rack, he listens almost uncomprehendingly to the earnest speeches of the accounting - efficiency expert expert: joe, you said you put in these peanuts because some people ask for them, but do you.

The efficiency expert is only viewing the peanut operations from an accounting point of view he should be viewing this from an overall accounting and business point of view the peanut operations should also be viewed overall to see how it would impact the sales and profit of the restaurant. Favorite holiday: candy cane joe-joe's trader joe's fans go crazy for their seasonal holiday offerings, making this a stacked category but tj's take on candy cane oreo's came out on top, thanks to the irresistible combination of peppermint and chocolate. Peanuts and cost accounting a problem faced by a restaurateur (joe) as revealed by his accountant-efficiency expert (eff ex) eff ex joe, you said you put in these peanuts because some people ask for them, but do you realize what this rack of peanuts is costing you.

Cost accounting joe and the peanut rack

Joe has got it right in his opening comment selling price bought in cost gross profit per bag number sold per week weekly gross profit cost of the peanut rack number of weeks to cover $100 $060 $040 50 bags $2000 £250 125. Chapter 6 and 7 econ hw study it can be difficult to manage from an accounting standpoint and know that the income elasticity of peanut butter is exactly. Essay on operating cost and joe brightly colored bags of peanuts the rack sits at the end of the counter the store itself is like all small store-restaurants in the jungle of accounting logic.

  • Answer to consider the following conversation between a self-styled cost allocation expert and joe, the manager of a diner.
  • The accountant shakes his head sadly and says joe, joe, modern industrial cost accounting doesn't allow or accept dead space every area has to produce and carry its allocated fixed cost.
  • Joe: it ain't gonna cost 'sgonna be a profit sure, i paid $50 for a fancy rack to hold bags, but the peanuts cost 35 cents a bag and i sell 'em for 50 cents if i sell 50 bags a week to start it'll take a few weeks to cover the cost of the rack.

Take trader joe's organic ketchup (which is the only ketchup we sell)â€it's really tasty and costs about the same as many conventional (not organic) brand name ketchups that other retailers sell we've made organic products accessible. Cost/managerial accounting: exam questions and explanations, by irvin n gleim (7th edition) this study guide is available from the osu bookstore, and also may be purchased from the publisher's website. Peanuts -- or the higher control of business (source: the new york certified public accountant, j une 1960) page 1 of 2 j oe, the restaurateur, adds a rack of peanuts to the counter, hoping to pick up a little extra profit in the unual course. A logistics/supply chain article should - ideally - do something similar for you i know that most of you don't have the time (or the inclination) to commit the 10,000 hours of dedicated supply chain practice that's needed to become an expert at optimizing inventory, cost of goods, and customer delivery.

cost accounting joe and the peanut rack Joe's bistro and the peanut problem joe's bistro and the peanut problem the following dialogue is reputed to have occured between a restauranteur , joe, and his accountant after joe had added a rack of peanuts to his counter, intending to pick up some additional business in the ordinary course of trade. cost accounting joe and the peanut rack Joe's bistro and the peanut problem joe's bistro and the peanut problem the following dialogue is reputed to have occured between a restauranteur , joe, and his accountant after joe had added a rack of peanuts to his counter, intending to pick up some additional business in the ordinary course of trade.
Cost accounting joe and the peanut rack
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