nestructions WILL INCLUDE MATHEMATICAL QUESTIONS TO SOLVE ALONG WITH WRITING A MEMO> IT IS A 2 PART ASSIGNMENT!!
Research Assessment
Suppose you manage the local Scoopy’s ice cream parlor. In addition to selling ice-cream cones, you make large batches of a few flavors of milkshakes to sell throughout the day. Your parlor is chosen to test the company’s “Made-for-You” system. This new system enables patrons to customize their milkshakes by choosing different flavors. Customers like the new system and your staff appear to be adapting, but you wonder whether this new made-to-order system is as efficient as the old system in which you just made a few large batches. Efficiency is a special concern because your performance is evaluated in part on the restaurant’s efficient use of materials and labor. Your superiors consider efficiency variances greater than 5% to be unacceptable.
You decide to look at your sales for a typical day. You find that the parlor used 390 pounds of ice cream and 72 hours of direct labor to produce and sell 2,000 shakes. The standard quantity allowed for a shake is 0.2 pounds of ice cream and 0.03 hours of direct labor. The standard costs are $1.50 per pound for ice cream and $8 per hour for labor.
Requirements
1. Compute the efficiency variances for direct labor and direct materials.
2. Provide likely explanations for the variances. Do you have reason to be concerned about your performance evaluation
Explain.
3. Write an APA format memo to Scoopy’s national office explaining your concern and suggesting a remedy.
Instructions: In 600-750 words in length (not including title page and reference page), respond to the case above. Your paper must include at least two scholarly journal references (in addition to your book). Refer to the Writing Assignment Grading Criteria below for requirements in content, organization, writing style, grammar, and APA 7.0 format.
Refer to the following links for APA guidelines: APA Style Purdue OWL
Save your assignment file as ‘LastnameFirstinitial-FINC405-WA8″, and submit it by 11:59 pm ET, Day 7.
Your paper will be automatically submitted to Turnitin in the assignment dropbox. Originality reports will be returned to the faculty and student. Multiple submissions are allowed. For full credit, make sure that your Similarity Index does not exceed 25%.
Your assignment will be graded according to the following Writing Assignment Grading Rubric: Content (60%)
Response demonstrates a clear understanding of the key elements of assignment questions.
Responses thoroughly cover the elements in a substantive manner.
Response demonstrates critical thinking and analysis.
Content is complete and accurate.
Introduction and conclusion provide adequate information on the given topic.
Organization (20%)
Paper structure is clear and easy to follow.
Ideas flow in a logical sequence.
Introduction provides a sound introduction to the topic and previews major points.
Paragraph transitions are logical and support the flow of thought throughout the paper.
The conclusion thoroughly reviews the major points.
Writing Style,
Grammar, APA Format (20%)
Sentences are well constructed, complete, clear, and concise.
Words used are specific and unambiguous.
The tone is appropriate to the content and assignment.
Grammar, spelling, and punctuation are correct.
Current APA guidelines are followed, such as title page, headers, citations, references, etc.
Effective use of aids, such as sections, summaries, table of contents, indices, and appendices (if applicable