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References Mailings Review View Help Tell me what you want to do A A 321 T ct | ct ct AaBbc TT Normal I Body Text List Para... 1 No Spac... 1 Table Pa... I TOC 1 T TOC X A w ht Paragraph Styles 4 1 5 6 7 8 9 10 11 12 13 14 Case Study 7 Bread and Butter Company (BBC) started its business a couple of years ago down when customers preferred bread to other food items in their breakfast. Today the market has seemingly turned narrow for bread or sandwiches. The high nutrient rich breakfast like corn meal, rice crisps and oats meal are taking over the market share as opposed to bread butter or a simple sandwich which appears to be aged old talks. BBC was about serving the kind of bread their customers wanted. The breads were custom made, ready in no time on order, and delicious, exactly how they need to be. The prices charged for the products offered were on high end since it was the only store of its kind in the area covering 50 kms of east Georgia. Georgians were fond of the unique service offered and the taste filled their morning experience with happiness. 63182bos51127 (1) [Compatibility Mode] - Word Home Insert 5 Design Layout References Mailings Review View Help Tell me what you want to do Cut 2. Share Times New Roma 10 ' ' Copy : Find Format Painter B1 U ar X x Aay-A- AaBbCct AaBbCcD AaBbcc AaBbcc AaBbcc AaBbc AaBbcc 1 Normal 1 Body Text List Para... 1 No Spac... 1 Table Pa. 1 TOC 1 TOG2 board Font 15 ac Replace Select Editing 16 17 Paragraph INS Styles 12 12 13 14 The business prospered and profits increased phenomenally on a year-to-year basis. The prosperity called for additional space and resource requirement. BBC contemplated that since they would have to hire more staff to meet the increasing demand and the space, they were trying to lease was more than what they could use, they planned for add-ons to their current production line "breads and sandwiches" They started selling frozen food items, deserts, beverages, and meals for train passengers. The Bread and Butter Company was now known as "Just Taste It" (JTI). They started to hire new people with flawless cooking skills. There seemed to be more supply than the demand and it appeared that commoners had great cooking talent and were interested to learn more to take it to an altogether newer level. The staffs were welcomed to share their unique recipes and team gathered to prepare items based on the ones selected and approved. The employees started preparing meals on a prior anticipation of demand including excess meals for any stock outs. In a month or so, the warehouse seemed to be a chaos full of raw materials purchased from various suppliers based on suggestions of staffs and prepacked meals. The kitchen was out of space to accommodate the current staffs comfortably. The myriad ideas took UTI in a mirage creating problem in coordination among staffs since many of their ideas had to be dropped and others that were welcomed created a negative cost benefit equation. The bread and sandwich business was hit by the negative nublicity of the train meals business 2 of 21 BTS words B English (United States 170 Type here to search 30C Haze ENG 15:12 IN 06/08/2021 63182bos51127 (1) Compatibility Mode] - Word Insert Design Layout References Mailings Review View Help Tell me what you want to do 2 Times New Roma 10 A A - ALT B T U ale AaBbCct AaBbCD AaBbCcl AalbCct AaBbcc AaBbc AaBbCct I Normal 1 Body Text List Para... 1 No Spac... 11 Table Pa... I TOC 1 T TOC 2 t Painter X x A aby Av SEE p Find ac Replac Select Font Paragraph 34 56 Styles 10 11 12 13 14 Editing 8 9 16 The bread and sandwich business was hit by the negative publicity of the train meals business since JTI had to compromise on quality to earn enough profit to keep the meal business up and running. Gradually the loyal clients turned down on them and started to switch to other caterers. The management of JTI was wondering if at all the business should be continued since there were not enough orders and the pre prepared meals are getting wasted thereby burdening the firm with huge costs. The frozen items, desserts and beverage business were the only support they had. Clients continued to buy those items considering frozen items, desserts and beverages were just bought and served to them on a margin. JTI ended up losing customers trust and had no other option but to stop preparing anything for them. They thought of bringing a changeover and presenting themselves as retailers rather than preparers of meals, breads and sandwiches. The management of the company was in desperate need of a savior that could prevent the demise of JTI. One of the management people, Mr. Juniorson contacted you and approached you for some valuable ADVICE in this regard. He also came up with their income and expenses (refer Annexure) so that you could provide some insights on how to overcome the loss-making situation and rebound back to a prosperous profit earning history. Required 7 Coneider vaureelf as a mananement accountant who was referred hy nne nf the friende of Mr 68787 words English (United States ENG 15:17 Type here to search FIA 30C Haze ** D 10 IN 06/08/2021 olmal Body lext List Para... No Spac. 1 Table Pa... Font Paragraph Styles 11 2 3 4 5 6 8 9 10 11 1 12 13 14 5. 6. 50% labor was kertified towards meal preparation 40% towards sandwich and breads and rest 10% for serving desserts. Beverages did not take labor hours since they could be refilled in sell-serving dispensers through which clients were served Once they served themselves with their choice of beverage, they stood in lines to complete the billing of the service. of the cost of food as raw materials, only 40% was dedicated to earning bread and sandwich revenue. Rewards to staffs were paid on basis of their recipes being approved. Product Service Wise Analysis Year Ended December 31, 7. 2019 2018 2017 Revenue from breads and sandwiches Less: Cost of food items Less. Labor Gross Profit Revenue from desserts Less: Cost of desserts purchased Less: Labor cost 41,000 45.000 44,000 38,000 16,000 14,000 -19,000 -7,000 55.200 47 400 46.920 40,290 4.000 3.500 4,280 3.610 36.800 31 600 $3,455 28.727 3.345 2.873 47,000 34 000 39,048 42 857 7.952 H8857 7720.000 49.000 31,200 12,400 5.400 40.800 34 680 3.100 3.020 27 200 24, 727 2.473 30.000 45.667 -16 667 Gross Profit Revenue from frozen food items Less: Cost of frozen food items Gross Profit Revenue from beverages Less: Cost of beverage products Gross Profit Penne frm meale sh (United States) EI W 30C Haze Prodk/ Service Wise Analysis Year Ended December 31, 2019 2018 2017 Revenire from breads and sanschwiches Less Cost of food Rems 49,000 31,200 12,400 Less: Labor Gross Profit Revenue from desserts Less: Cost of desserts purchased Less. Labor cost Gross Profit 41,000 45,000 44,000 38,000 16,000 14,000 -19,000 -7,000 55,200 47,400 46,920 40,290 4,000 3,500 4,280 3,610 36,800 31,600 33,455 28,727 3,345 2.873 47,000 34.000 39,048 42 857 7,952 -8 857 77,000 1,20,000 Revenue from frozen food items Less: Cost of frozen food items 5,400 40,800 34.680 3,100 3,020 27,200 24,727 2,473 30.000 46.667 - 16.667 Gross Profit Revenue from beverages Less: Cost of beverage products Gross Profit Revenue from meals 1 34.000 Less. Cost of meals Food as raw material Labor Other operating cost directly identified Profit 46.800 15,500 66,000 20.000 9.000 -18.000 57.000 17.500 9.500 8.400 36,000 63,300 ates 0 30C Haze Ad Labe X, X . ay 1 Normal 1 Body Text List Para... I No Spac... 1 Table Pa... I Font Paragraph Styles 1 2 41 5 6 1 8 9 10 11 12 18 Labor 40,000 35,000 31,000 Other operating expenses Rent 11,000 Insurance Rewards to staffs Packaging cost Transportation cost for meal delivery 11,000 11,000 5,000 5,000 5,500 4,000 4,000 3,400 3,500 5,500 2,98,423 2,70,774 -41,423 7,226 5,000 2,400 2,800 6,000 2,42,274 38,726 Total Net Income 1. Since beverage market was competitive commanding high profit was never an expectation Frozen items were sold at a markup of 10% on purchase cost Georgian preferred frozen foods and fresh foods equally. 2. 3 Desserts are all time favorite irrespective of seasonal variations 4 Of the deserts and frozen revenue, 60% sale was dedicated to desserts mglish (United States) 30C Haze Just Taste Statement of Income (Amounts in 000) Year Ended December 31, 2019 2018 2017 Revenue Breads and sandwiches 41,000 45,000 49,000 Desserts and frozen food 92,000 79,000 68,000 Beverages 47,000 34,000 30,000 Meals 77,000 1,20,000 1,34,000 Total 2,57,000 2,78,000 2,81,000 Costs and Expenses Food items as raw materials 1,10,000 95.000 78,000 Ready-made frozen 33.455 28,727 24,727 Desserts purchased 46,920 40 290 34,680 Beverages purchased 39.048 42.857 46.667 Labor 40,000 35.000 31.000 Other operating expenses Rent 11,000 11.000 11.000 Insurance 5.000 5.000 5,000 Rewards to staffs 5,500 4.000 2.400 Packaging cost 4.000 3400 2.800 Transportation cost for meal delivery 3.500 5.500 6.000 Tora! 298.428 2014 2.42.274 Net income -41423 7 226 38.726 63182bos51127 (1) (Compatibility Mode] - Word 7 ert Design Layout References Mailings Review View Help Tell me what you want to do Times New Roma - 10 A A Aa BIU al X AaBbCct AaBbCD AaBbCcl AaBbCcl AaBbccl AaBbc AaBbCcl T Normal 11 Body Text 1 List Para... 1 No Spac... 1 Table Pa.. 1 TOC 1 TOO 2 x A aly PF BR A se er A Font 1 Edit Paragraph 15 23456789 10 CAUT v urut you woulu Movie Ou muiyin VIT TIW Styles 11 12 13 14 curui VITU U U Ury 16 situation and rebound back to a prosperous profit earning history. Required Consider yourself as a management accountant who was referred by one of the friends of Mr. Juniorson. He has following questions in his mind that clogged all doors of ideas to revive. (0) What are we doing wrong? (ii) Is there any way JTI could continue its current business? (iii) We need to save on costs and regain the lost trust of customers. How do we do this? You see there was no dearth of loyal foodies when we use to sell just breads and sandwiches. Even though we charged high prices back then we never had to confront such predicaments we currently are in. I 787 words English (United States + 1709 Type here to search 30'C Haze ENG IN 15:18 06/08/2021