Frankies for You (FFY)
Publication date: 29 April 2013
Abstract
Frankies For You is a comprehensive case on standard costing. It stresses the importance of adopting cost control tools like budgeting by small organizations. FFY is a small food joint started by Mr. Raj Singh. After the first month of operation, he finds that though sales volume has increased compared to the budget, the actual profit has fallen. Detailed variance analysis has to be used to find the cause for this anomaly, to evaluate the performance of the staff and to assign responsibilities. The case also refers to Activity Based Pricing, an important contemporary costing principle.
Keywords
Acknowledgements
Prepared by Dr. Shruti Dave under the guidance of Professor Rajendra Patel
Citation
Shruti, D. (2013), "Frankies for You (FFY)", . https://doi.org/10.1108/CASE.IIMA.2019.000046
Publisher
:Indian Institute of Management Ahmedabad
Copyright © 2013 by the Indian Institute of Management, Ahmedabad