The company chosen: A catering business called Honey Bun!

1. Describe the chosen company above, including its structure, operations, industry, and overall competitive market.
2. Explain at least three ways the company can use managerial accounting concepts to improve strategic planning and operational control.
3. Assess the role of costing and cost allocation, including your recommendation for the most appropriate costing method (i.e., job-order costing, process costing, or activity-based costing).
4. Describe the variable costs and fixed costs for existing products or services, including how those costs affect the breakeven points and target profit levels.
5. Explain the role of the master budget (including the sales forecast, production or purchases budget, overhead budget, and selling and administrative expense budget) and variance analysis (including the identification of cost drivers that may affect material and labor variances).
6. Develop a balanced scorecard with at least two recommended measures in each of the four perspectives: financial, customer, internal business processes, and learning and growth.

Answer rating: 100% (QA)

Honey Bun is a catering business that provides food and beverage services for various events and occasions The company operates in the hospitality industry specifically in the catering services sector ... View the full answer