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Cost Accounting Assignment: Manufacturing Cost Analysis and Market Pricing - Prof. Barnab, Esercizi di Cost Accounting

This template guides a feedback report on Assignment 1, a simulated production process. Students conduct a lab experiment, submitting a structured report after downloading a recipe, buying ingredients, manufacturing, and calculating costs (prime, conversion, total). They estimate a selling price, profit, and conduct market analysis. The template includes sections for ingredients, equipment, costs, and analysis, structuring understanding of manufacturing costs and market competitiveness. This assignment offers practical cost accounting and business decision-making experience, simplifying cost calculation and market analysis in a practical context. It provides a step-by-step guide.

Tipologia: Esercizi

2022/2023

Caricato il 28/07/2025

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ludovica-8 🇮🇹

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Template for the
Feedback report - Assignment 1
Surname: Usmiani Name: Ludovica
Matricola no.: 118102
Brief description: The students (individually) will be required to carry out a simple
“laboratory experiment” based on a simulated production process and subsequently
submit a structured feedback report. This assignment will weigh 10% against the
final mark.
Deadline: 31 October 2023
To be delivered: by submitting the structured feedback report through the moodle
elearning platform of the course.
Full Instructions below
(Students are required to use this template to prepare their report)
Step 1
Download the recipe at the following link:
https://www.giallozafferano.com/recipes/Traditional-carbonara.html
Analyze the recipe and plan your actions before starting.
Note: Should you decide to look for a different recipe, paste the link to the
web page and/or copy the recipe below before filling in the following
sections of the report.
Step 2
Purchase the necessary ingredients (consider the options available for you)
and have all the necessary equipment ready for use.
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Template for the

Feedback report - Assignment 1

Surname: Usmiani Name: Ludovica Matricola no.: 118102 Brief description: The students (individually) will be required to carry out a simple “laboratory experiment” based on a simulated production process and subsequently submit a structured feedback report. This assignment will weigh 10% against the final mark. Deadline: 31 October 2023 To be delivered: by submitting the structured feedback report through the moodle elearning platform of the course. Full Instructions below (Students are required to use this template to prepare their report) Step 1 Download the recipe at the following link:

  • https://www.giallozafferano.com/recipes/Traditional-carbonara.html
  • Analyze the recipe and plan your actions before starting. Note: Should you decide to look for a different recipe, paste the link to the web page and/or copy the recipe below before filling in the following sections of the report. Step 2 Purchase the necessary ingredients (consider the options available for you) and have all the necessary equipment ready for use.

Note: List the ingredients you purchased, their quality (use the brand as a proxy for that), the quantity, and the purchase price. Add any further information you may find useful to describe this step of the process. The ingredients I purchased are:

  • Eggs: the brand is Mukki and their are local, from Tuscany, so the quality is quite high. I purchased 4 eggs for the price of €1.99.
  • Guanciale: I purcahsed it from the meat counter at my local supermarket. I got 200 grams for €5.04.
  • Pecorino: I got a pack of grated cheese from the brand Conad, so the quality is not as high. It was €1.95 for 100 grams.
  • Grana Padano: I got a pack of grated cheese from the brand Conad, so the quality is not as high. It was €1.69 for 100 grams.
  • Pasta: I got spaghetti from the brand Conad (not high quality). 500 grams were €0.58.
  • Black pepper: I got it from Carrefour. It was €1.99 for 45 grams.
  • Water: I used tap water to cook the pasta. Searching on the internet I found that the cost of 1 liter of tap water is €0.00361 and I used 3 liters.
  • Salt: I used salt from the brand Conad. It is €0.37 for 1 kg and I used 20 grams. The equipment I used is:
  • cutting board (https://flyingtiger.com/it-it/products/cutting-board-3032803? variant=46466841608540&gclid=CjwKCAjwp8OpBhAFEiwAG7NaEryA2ybndpPk 7xB5nXCG17-Iujxyb17lRycC7NeA3TCgIm3J_RzQxRoCDTsQAvD_BwE)
  • Knife (https://www.ikea.com/it/it/p/foerdubbla-set-di-2-coltelli-grigio-00436790/? utm_source=google&utm_medium=surfaces&utm_campaign=shopping_feed&u tm_content=free_google_shopping_clicks_Cooking&gclid=CjwKCAjwp8OpBhAFEi wAG7NaEuSK1xnrhPqUvFKOUNcHrnZaXp6I5at5PqmxgZHz0K3iyeRWhMe2_xoCs O0QAvD_BwE&gclsrc=aw.ds)
  • Pan (https://www.kasanova.com/it/wok-28-cm-black-diamond- lei003129noc.html)
  • plate (https://www.kasanova.com/it/piatto-piano-parma-in-vetro-temperato-da- 27-cm-brc000024noc.html? gclid=CjwKCAjwp8OpBhAFEiwAG7NaEhGafxq0xtkkNmWXwo6sy9NJtn9C64y6stw ziIHvRM9DgikYErCdKBoCE0wQAvD_BwE)
  • Ladle (https://www.ikea.com/it/it/p/fullaendad-mestolo-grigio-80393089/? utm_source=google&utm_medium=surfaces&utm_campaign=shopping_feed&u tm_content=free_google_shopping_clicks_Cooking&gclid=CjwKCAjwp8OpBhAFEi wAG7NaEo5z7vyOzz0VqodT1wOF7GBJBkSddfXHN2BN3GhxbnDLASJjCuZJYBoCm 2QQAvD_BwE&gclsrc=aw.ds)
  • Pot (https://www.kasanova.com/it/pentola-22-cm-eco-petra-evolution- lei003060noc.html? gclid=CjwKCAjwp8OpBhAFEiwAG7NaEqtNozoSzGNiAhnhIvA74giDwOukeQYsfGxE Frzb2EIDeqmPofCHLhoCWPgQAvD_BwE)
  • bowl (https://www.ikea.com/it/it/p/blanda-ciotola-vetro-trasparente-90057252/? utm_source=google&utm_medium=surfaces&utm_campaign=shopping_feed&u

Add any further information you may find useful to describe this step of the process. For direct materials I used the purchasing price of the ingredients. purchasing price quantity purcahsed quantity needed material cost eggs 1,99 4 4 1, guanciale 5,04 200 200 5, pecorino 1,95 100 40 0, grana padano

pasta 0,58 500 320 0, black pepper

water 0,00361 1 3 0, salt 0,37 1 0,02 0, 9, 4 2, I was able to prepare four servings with these materials, and they were evenly distributed among each serving. To find the cost of direct materials for a single serving, you can simply divide the total cost by 4. Therefore, the cost of direct materials for one dish is: direct labor monthly wage monthly working hours hourly wage hours worked labor cost 1850 160 11,5625 0,5 5, For direct labor, I used the average wage of a cook in Italy (https://www.corriere.it/cook/news/cards/quanto-guadagna-davvero-chef/quanto- guadagna-cuoco-italia.shtml), as I assumed that I would be preparing the recipe in a restaurant and then selling it. Also in this case the labor is equally distributed between the different dishes, so it will be divided by 4. For 1 dish, the cost will be: 1,

Summing direct materials and direct labor we can get the prime cost: 3, purchasing price estimated number of uses cost per use cutting board

knife 3,5 1095 0, pan 58,9 260 0, plate 1,35 730 0, ladle 1,5 520 0, pot 41,9 1095 0, bowl 3,95 520 0, hand whisk 4,95 60 0, 0, For calculating overhead costs, I began by estimating the cost of using the equipment. I assumed that I would use the cutting board, the knife, and the pot once a day for 3 years. I use the pan less frequently, so I estimated one use per week for 5 years. The plate sees two uses a day, and I estimated that it would last for one year, because it's fragile and could easily break. For the ladle and the bowl, I assumed two uses a week for 5 years. The hand whisk is used once a month for 5 years. The final cost of my equipment for one use amounts to €0. 0, I also considered the cost of gas and electricity. I cooked the pasta for 8 minutes, and it took 10 minutes for the water to boil, so the gas was on for a total of 18 minutes. The stove consumes 3 kW (equivalent to 0.18 m3) per hour. The cost of 1 m3 of gas is €0.396386. Therefore, the cost of gas was calculated as follows: I also needed to keep the light on for the 30 minutes I spent cooking. The cost for 1 hour of lighting is €0.02, so for 30 minutes, it amounts to €0.01. overheads cost cost for 1 dish equipment 0,373788637 0, gas 0,021404844 0, electricity 0,01 0, 0,

Add any further information you may find useful to describe this step of the process. To conduct the market analysis, I assumed that I was in a restaurant in Siena. I selected 10 restaurants located in the city center and researched the price of their Carbonara dishes. price osteria le sorelline 10 osteria il carroccio 9 trattoria cane e gatto 10 antica trattoria papei 9 la vecchia taverna di bacco 12 osteria il ghibellino 12 osteria nonna gina 10 osteria permalico 8 osteria pizzeria il vicolo 8, ristorante taverna da cecco 11 average price 9, The average price I got from the analysis is 9,95€. There weren’t any offers or discounts in the restaurants that I found. Step 8 If necessary, make changes to the selling price based on the r market analysis results and/or hypothesize the methods of selling the product (e.g., in a restaurant, through food delivery, etc.). Final Selling price: 9€ Is the price different from what you indicated in Step 5? If yes, provide the main motivations for making this change. Add any further information you may find useful to describe this step of the process. The initial price I calculated was relatively low compared to the results of the market analysis. Therefore, I decided to raise the price slightly but still keep it below the average prices of other restaurants to maintain a competitive edge. It's important to note that I had already added a 50% markup, which is quite substantial, allowing for a profit even with the lower price. The adjusted price is now set at €9. Step 9

Additionally, explain:

  • the time needed to complete the process (dividing this information into two parts, for the preparation time and the cooking time, and possibly, considering the different steps entailed by such processes)
  • if you made changes to the recipe (and which ones as well as why)
  • if you completed all the stages in the right sequence (if not, explain what happened and if you had to rework one or more stages of the process)
  • if you generated any kind of waste (and describe what you did with such waste. Add any further information you may find useful to describe this step of the process. The preparation time took 12 minutes, during which I chopped the guanciale, whisked the eggs, and mixed them with the cheese. The cooking time was 18 minutes, with 10 minutes to boil the water and 8 minutes to cook the pasta. In the meantime, I also cooked the guanciale. One alteration I made to the original recipe was using pre-grated cheese instead of freshly grated cheese. This decision was due to the inability to purchase the exact quantity of cheese needed, and the concern of wasting any unused cheese if it wasn't already grated. In terms of waste generation, there was minimal waste produced. The primary waste included the pork rind, but this was minimal as the butcher had already removed most of it, and eggshells. These were disposed of in the organic waste bin. The packaging of the products I used was recycled.The egg whites were not wasted because I used them the next day to make a omelette. Overall there wasn’t any significant waste generation. Stap 10a Take a picture of the finished product and comment on your experience.
  • Paste your picture here:
  • Your final comments and feedback: The dish turned out quite well, even if I would have preferred bigger servings.