Information 1.1 - Company Overview Marble Slab Creamery is a leading purveyor of super-premium hand-mixed ice cream and the innovator of the now famous “frozen slab” technique. Founded in 1983‚ the Houston-based company offers homemade ice cream that is prepared to order on a marble slab‚ using a variety of mix-ins. The brand’s slogan is called “the freshest ice cream on earth” and has now expanded to over 400 locations worldwide. Locally‚ Marble Slab Creamery is owned and franchised by Thirty Three
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EXECUTIVE SUMMARY Company: Marble Slab is a company that is famous for making fresh ice cream. It sells its premium prestige ice cream that is made daily with unique toppings. The unique thing about Marble Slab is the customers’ ability to completely customize their ice cream the way that they want to eat it. Instead of having a predetermined flavour‚ customers are able to mix their flavours of ice cream that they please and put a numerous amount of toppings on them that include Bananas‚ Strawberries
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Marble Slab Creamery Case Introduction: Penny Thomas an MBA graduate acquired the ownership rights to Marble slab creamery franchise located in Ontario‚ Canada in 2008. NexCen owned the Marble slab brand but had a small role to play in day-to-day operations of the Canadian franchises. The marketing and operations support activities were handles by the Canadian Ice cream company Inc. Thomas paid $25‚000 start-up fee for the franchise‚ a royalty fee of six percent of gross sales to Marble slab and
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How should new store offering catering option so that it can generate additional revenue and be competitive over other MSC stores that also have catering option? Analysis Marble Slab Creamery is a strong healthy business that has more strength over weaknesses and more opportunities that could cover threats (Exhibit 1-SWOT Analysis). By selecting the optimum location‚ MSC could avoid direct competition which is strongly impact the company. Location decision would directly impact the retail store
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MEMO Date: October 20‚ 2014 To: Mr. Jim Peterson‚ President‚ Boston Creamery‚ Inc.‚ Ice Cream Division From: Subject: Evaluating the decision choices of Boston Creamery to improve budgeting Introduction Boston Creamery is currently experiencing difficulties with regards to its budgeting process and variance analysis. For the fiscal year 1973‚ the Ice Cream Division has a favorable operating income variance of $71‚700. The President‚ Jim Peterson feels that the comparisons between budgeted
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Drury‚ Management and Cost Accounting – Boston Creamery Boston Creamery Professor John Shank‚ The Amos Tuck School of Business Administration Dartmouth College This case is reprinted from Cases in Cost Management‚ Shank‚ J. K. 1996‚ South Western Publishing Company. The case was prepared by Professor John Shank from an earlier version he wrote at Harvard Business School with the assistance of William J. Rauwerdink‚ Research Assistant. This case deals with the design and use of formal "profit
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EXECUTIVE SUMMARY Boston Creamery‚ Inc‚ is an ice cream company that manufactures and distributes ice cream to wholesalers and retailers. In 1973‚ the company had installed a new financial planning and control system that compares budgeted results against actual results and be able to highlight things that needed corrective actions or commend things that resulted in a favorable overall variance. This year‚ the division has a favorable operating income variance of $71‚700. Highlights: · Jim
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Reinforced concrete slabs. (Study time allocation – 15 hours) Introduction. The topic of reinforced concrete slabs is somewhat related to that of beams but also needs to be considered as a separate unit. Types of slab. 1. Single span solid slab. 2. Single span ribbed slab. 3. Two way “waffle” slab. 4. Flat slab – No column drops 5. Flat slab showing column drop. Analysis of slabs. Theoretically
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RECOMMENDATIONS Management needs to determine which costs can be controlled and which costs cannot be controlled. The variance analysis simply showed that there was an unfavorable variance for manufacturing (99‚000 U). Manufacturing Cost of Goods Sold must be evaluated individually because of the underlying facets from just a number. This unfavorable number could be caused by either an increase in price or a waste in using the number of unit materials. The materials variance should be broken down
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Case 4: Boston Creamery Introduction A new financial planning and control system is only as good as a company’s capacity to implement it effectively. But most importantly‚ many employees see the new system as an end in itself‚ instead of a means to an end. The way standards are formulated play a crucial role in the results of these variances. For instance‚ management decided to use the sales forecasts based on what they made and incurred in the previous year. This would normally be the case
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