Hazelnuts are used in high-end chocolate items such as pralines and truffles. In addition, hazelnuts are used in Nutella spread. Turkey supplies more than 70% of the world’s hazelnuts. In 2014, there was a widespread frost in Turkey that damaged hazelnut flowers and cut production of hazelnuts by 28%. The price of hazelnuts more than […]
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How will cost standards be impacted at PEZ Candy Inc. by the rising cost of sugar and labor?
January 27, 2015 
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PEZ Candy Inc. produces the popular small candy that is dispensed in collectible flip-top dispensers. PEZ candy was invented as a breath mint in Vienna, Austria, in 1927. The name PEZ is derived from “pfefferminz” which is the word for peppermint in German. In the United States, PEZ candies are produced in a factory in […]
Continue readingHow does the renegotiated labor contract impact the standard cost of cars for GM?
February 24, 2014 2 Comments
A few years ago, Chrysler renegotiated its labor contract with the United Auto Workers (UAW) union. New hires were to be paid $14 per hour, down from the $28 per hour veteran workers received. That cut resulted in an average combined wage and benefit rate per hour in 2011 of $49, compared to $76 per […]
Continue readingHow will the increasing cost of chocolate impact Hershey’s variances?
October 15, 2013 0 Comments
The price of chocolate had been predicted to increase rapidly beginning in late 2013 and continue into 2014, according to the Wall Street Journal. The price increase is due to multiple factors, including a shortage of cocoa beans and an increase in demand by consumers. Although the demand for all chocolate has been increasing, consumer […]
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