Week 5 Discussion – Domino’s Pizza
In Chapter 8, on page 327: Standard Costs and Variance Analysis; C2 a situation is discussed. Please read the activity and discuss in this week’s forum.
Specify what standard costing for a Domino’s pizza shop would entail (you are welcome to use your favorite pizza emporium for this exercise). Where would you obtain the information for determining the cost standards? In what ways would the standards help in managing a pizza shop?