Papaya Partners Case Study - Management Assignment Help

Assignment Task:

Task:

Submit a paper which is 2-3 pages in length (no more than 3-pages), exclusive of the reference page. Paper should be double spaced in Times New Roman (or its equivalent) font which is no greater than 12 points in size. The paper should cite at least two sources in APA format. One source can be your textbook. Please describe the circumstances of the following case study and recommend a course of action. Explain your approach to the problem, perform relevant per unit calculations and analysis, and formulate a recommendation. Ensure your work and recommendation are thoroughly supported.

Case Study:
Papaya Partners is a distributor of papayas. They purchase papayas from individual growers and package them in 10-pound cartons for delivery to their various customers, generally supermarkets. Last month, they budgeted to sell $500,000 worth of cartons at a price of $25 each. Actual sales met a budget of $500,000 at $25 per carton.

Management has received cost information based on actual performance and needs to understand the drivers of the overall variance from the budget. They have asked you, as an analyst in their management accounting department, to calculate and explain the variances. The following data has been provided:

Budget
Cost of fruit @ 10 pounds per carton $ 200,000
Cost of packaging @ 1 pound per carton $ 10,000
Labor costs @ .5 hourse per carton $ 90,000
Total Cost $ 300,000
Actual
Cost of fruit @ 10 pounds per carton $ 244,200
Cost of packaging @ .55 pound per carton $ 11,000
Labor costs @ .75 hourse per carton $ 150,000
Total Cost $ 405,200
Unfavorable variance $105,200.00

Specifically, management needs to know the:
 Standard cost per unit (carton)
 Actual cost per unit
 Direct materials price variances
 Direct materials usage variances
 Direct labor rate variance
 Direct labor efficiency variance
In addition, they would like to understand how the variances are calculated and what caused them. They would also like a recommendation on what might be done to improve the variances.

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