In 2015, when the avian flu hit egg producers hard, there was a shortage of eggs. Egg prices increased dramatically. Over the years since 2015 however, egg production has ramped back up as egg producers have restocked their flocks of egg-laying chickens. There is now a glut of eggs, putting causing the price of eggs […]
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Tag Archives: standard cost
Is a favorable raisin quantity variance good for Kellogg’s Raisin Bran?
August 25, 2016 
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Kellogg’s Raisin Bran is famous for its advertising slogan of “Two scoops of raisins in every box.” The current box design for Raisin Bran shows two scoops of raisins on the front of the box. A few months ago, a post went viral on Reddit that showed a picture of the raisins actually found 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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Accounting in the Headlines 