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Discuss the three different types of costing methods

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Reference no: EM131798827

1. Costing System

Jack's mother, the accountant, told him about the three different types of costing methods that organizations use to classify costs, including job order, process costing and activity based costing.

  • Which method would you recommend that Jack's Gluten-Free Pizza Company use?  Please explain.

TABLE: COST INFORMATION

Supplies

Cost

Standard per pizza

Pizza Oven

Donated by Jack's Father

 

Cash Register

$10/month (3 year contract)

 

Refrigerator and Other appliances

$0 (already included in rented space)

 

Gluten-Free Pizza Crust

$100 for 50 crusts

1 crust

Organic Sauce

$10.00 for 20 cups

1/2 cup

Organic Cheese Blend

$2.00 for 2 cups

1/2 cup

Assorted Spices

$18.75 for 5 lbs ($0.05/tsp)

1 tsp

 

Labor

Cost

Standard

Salary - Jack

$250/month

$50/training day

 

Salary - Chef

$2,000/month

 

Salary - 2 Employees

$600 each /month

 

Marketing

$100/month

$1.00/pizza

 

Accountant

$150/month

 

 

Overhead

 

 

Phone

$5/month

 

Utilities (Electric, Gas, and Water)

$225/month

 

Rent

$1050/month

 

Estimated Variable MOH

$2.00/pizza

Reference no: EM131798827

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