Tesla founder Elon Musk has compared starting a company to baking: You. View Go Tools Window Help D Humble Pies Case Study.pdf (page 4 of 5) Table 1: Selected Financial Data (actual cost and revenue data for May 2014) Cost Category Behavior May 2014 Sales $766,667 Expenses: Raw Materials Variable $327,934 Bakery labor Mixed $158,767 Administration Salaries Fixed $41,367 Supplies Variable $3,833 Freight & Shipping.In Variable $4,907 Freight & Shipping-Out Variable $64,707 Utilities - Electricity Variable $9,813 Utilities - Gas (ovens) Variable $3,067 Water Variable $920 Repairs & Maintenance Fixed $4,293 Rent expense Fixed $19,167 Telephone & Internet Fixed $2,300 Co-owners' salary Fixed $25,300 Brokers' commissions Variable $30,667 Total Expenses $697,042 Operating Profit $69,625 Income Tax $22.280 Net operating income $47,345 Unit volume Average Operating Assets Minimum Rate of Return 64,500 $5,500,000 8. Humble Pie Company: The Business of Baking. In your judgement, how and in what areas could Humble Pies decrease costs? Minimum of 200 words proving your point. Owosso, MI Family Owned Baked Goods /humblepiebakingco A fresh dozen apple pie cinnamon rolls going out the door. Is Humble Pies making a Profit? Why and How? (15 points) 7. Calculate the Contribution Margin, Contribution Margin and Contribution Margin Ratio. Of the expenses listed in Table 1, determine which costs are direct and which are indirect? (10 points) 5a. Work in Process has been derived from the previous question. Of the expenses listed in Table 1, determine which costs are direct and which are indirect? (10 points)Ĥ. No artificial colors, flavors or preservatives. Work in Process has been derived from the previous question. Ever So Humble Pie Company in Massachusetts produces homestyle and all-natural handmade ready to bake pies. MOH for this period is 1500 and the ending inventory is 6000. Assume Beginning Work in Process Inventory is 7000. For each product cost you identified, how would you track the cost? For example, would you track it by individual job, batch, production step, activity, general factory overhead, et? (5 points) 3. Of the expenses listed in Table 1, determine which should be treated as product costs and which should be treated as period costs for management decision making? (10 points) 2. First read the case study and then answer the following questions: ine Tu- еу 1. You can enter your answers in Word or Excel or on paper and upload here. shackelford general contractors llc 350 s.Nts Project 1 Assignment-(Case study located in Module 2) Humble Pies are asking several firms to provide a proposal recommending what type of costing approach will help them determine more accurate cost information for Humble Pie's Bakery' pricing and product decisions.marshall last mile logistics headquarters.
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