Author s Abstract This case is intended to help students in upper division or graduate cost or managerial accounting courses gain an in-depth knowledge of budgeting by developing and using a multi-product, multi-period master budget. The case consists of two segments that can be used in conjunction or separately. The first segment allows students to create a master budget.
Bureau of Labor Statistics analysis, bakeries accounted for just over 3 percent of the nation's employment with an expected decrease of nearly 2 percent over a year period. With rampant competition from groceries and big-box retailers, the successful bakery must be prepared to meet the demands of its customers with the same convenience as its retailer competition but with higher quality.
To achieve and maintain success in this demanding industry, the new bakery must be thoroughly prepared well before its grand opening. Research the bakery industry in your area to familiarize yourself with the local customer demands.
Identify the needs and voids in the industry and ascertain how your bakery business can meet those demands. List all the items, equipment and staff your bakery business will need for smooth and efficient operations, including costs and salaries. Use the research and lists to create a detailed business plan for the bakery.
Set up a legal business structure for the bakery business, such as partnership or corporation. Use the legal business structure information to secure an employer identification number, or EIN, from the U.
Register the newly created bakery business with your state. Pick a location for the bakery that meets the needs of its operations. Choose a location in a high-traffic area that has plenty of parking and plenty interior space for equipment and customers.
The location must meet the city's ordinances. Apply for any applicable city licenses or permits. Secure a phone line service for the bakery business and register the business in the local and online directories. Order the bakery's equipment, machinery, furniture and supplies and have the items delivered and installed.
Contact the vendors and suppliers your bakery will use. Discuss the items your bakery will order on a frequent basis and determine the delivery options, schedules and times. Solidify formal business relationships with your vendors and suppliers.
Scout, hire and train the bakery's staff. Begin the hiring process at least one month before the bakery's opening as this will allow you time to select quality candidates and train them accordingly. Begin advertising your bakery's grand opening well before the actual date.
Check with your city to determine when the bakery can lawfully begin to promote its new location. Get the word out about the bakery. Use multiple advertising methods to capture the best results and make personal introductions to the local community and surrounding businesses.
Maintain a consistent appearance in the community. Involve the bakery in community and corporate events. Offer season selections to meeting the customer's continuously change demands, such as Valentine's Day Cupcakes, Christmas cookies, Independence Day cakes and back-to-school bundles, as well as special events, such as wedding-day cakes.
Tips Check with your city's business development department for permit and license requirements, as it varies by location. Inform the city of the bakery's opening date, once it is set, as the city may require the bakery to pass an inspection before opening.
Creating a legal business structure and registering the business are two separate processes. You can only register the business after the structure is created.At some stage in the Neolithic era people had learned that if, instead of using ordinary grain, they used grain that had been sprouted and then dried, it made a bread that kept unusually well.
as was our bakery bread. In the seventeenth century, deep tin or wooden hoops and it was the Viennese oven, with its steam injectors and its. The moisture inside the butter evaporates quickly at a high temperature, creating steam which pushes the dough up, creating the light, flaky layers.
If loaves or pastries are browning too much or too quickly, you can tent them with foil or lower the temperature. Asian Hot Dog Buns: This is a recipe that is loved by my family and is great for a simple and tasty lunch or snack.
This water-roux starter is the secret ingredient to creating super soft bread that lasts for days without adding any unhealthy additives or conditioners. To create this, do the following: spark master. 7 years ago on Step. Using our professional bakery equipment you can create a full efficient and reliable bread roll line, hot dog line or hamburger line.
It is therefore worthwhile taking a look at everything we have available. The first segment allows students to create a master budget. The second segment allows students to use their budgets to make recommendations for improving company performance.
The use of multiple products and introduction of incentives to improve company performance add a degree of complexity above that found in most budgeting problems. Golden Sweet Potato Noodle Buns Recipe Ditch the grains and create Golden Noodle Hamburger Buns using crispy sweet potato noodles!Forget lettuce wraps!