Tag Archives: managerial accounting;

Crossword puzzle to review job costing in managerial accounting

Below are links to a crossword puzzle to review job costing in managerial accounting. Both links are to the same puzzle, but one has a solution enabled and the other does not. Job costing crossword puzzle: Share this link with your students to have them work on the puzzle without access to the solution. Job […]

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Would job costing or process costing be used for gummy bears produced at the US Haribo manufacturing plant?

Haribo has manufactured gummy bears since 1920. Those bears are currently made in 16 plants around the world. Starting in late 2022 or early 2023, those gummy bears will also be made in the US when Haribo finishes construction on its new plant in Pleasant Prairie, Wisconsin. Worldwide, about 100 million gummy bears are made […]

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What quality costs will the J.M. Smucker Company incur from its recall of Jif peanut butter?

The J.M. Smucker Company (Smuckers) issued a voluntary recall in 2022 for several Jif peanut butter products manufactured in its Lexington, Kentucky, manufacturing facility.  Jif peanut butter products were potentially linked to a multistate outbreak of Salmonella. Salmonella is an organism that cause serious and sometimes fatal infections in people.  This recall potentially covers millions […]

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Would sweetFrog use job costing or process costing in calculating the cost of a customer’s cup of frozen yogurt and toppings?

sweetFrog is a frozen yogurt restaurant franchise with over 300 locations in the United States and several more international locations. Customers select the flavor of frozen yogurt they want and fill their cup from the self-serve machine with the desired amount of the frozen yogurt. Next the customer will proceed to the toppings bar, where […]

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What product costs and period costs go into making Dunkin’ donuts?

The first Dunkin’ restaurant opened in 1948 in Quincy, Massachusetts, and is still in operation today. The recipe for Dunkin’ donuts has been a secret for 65 years.  To see how Dunkin’ donuts are made, see the video at https://www.youtube.com/watch?v=EwTRmfWUxlw (0:43 min.). The Dunkin’ donuts at a restaurant are not usually made at that location. […]

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What steps are in the value chain for vegetables grown and sold by Dussel Farm?

Dussel Farm Feed Store is a family owned and operated farm and store that has been in the Dussel family since 1948. It grows and sells a wide variety of produce, including vegetables and fruits. In addition to the produce, Dussel operates a feed store. Each year, it plants a variety of vegetables, such as […]

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What professional accounting certifications might an accountant earn?

In the United Stated, accountants have a variety of certifications from which to choose to enhance their skill sets and further their career prospects. Some of these certifications are: Certified Public Accountant (CPA) Certified Management Accountant (CMA) Chartered Global Management Accountant (CGMA) Certified Internal Auditor (CIA) Certified Fraud Examiner (CFE) View a quick tutorial video […]

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A financial statement analysis mini-dashboard for a quick data analytics exercise

Looking for a quick data analytics exercise for financial statement analysis in an introductory accounting class? You can give your students the link for this financial statement analysis dashboard and then ask a series of questions. There is no software for students to install; the dashboard is hosted on Tableau Public and can be accessed […]

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A job cost mini-dashboard for a quick data analytics exercise

Looking for a quick data analytics exercise for introductory managerial accounting? You can give your students the link for this job cost analysis dashboard and then ask a series of questions. There is no software for students to install; the dashboard is hosted on Tableau Public and can be accessed by anyone with the link […]

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What impact does the rising cost of avocados have on Wholly Guacamole’s variances?

The cost of avocados is rising. For example, the price of a 20-pound box of avocados from the state of Avocado prices from Michoacán state in Mexico has jumped to $38 from $21, which is an 81% increase. The current price of avocados is the highest price on record in data that goes back to […]

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