This website uses cookies to ensure you have the best experience. Learn more

Voodoo Ltd Business Case Study

2146 words - 9 pages


Australia’s food and beverage industry is anticipating significant growth, with a majority of food and beverage executives expecting increases in revenues (84% of executives) (Thornton, 2013). For the purposes of this report, the focus will be on the product costing systems in place at Voodoo Ltd, concentrating on their applicability and effectiveness. Our aim is to identify the weaknesses in Voodoo Ltd’s current operations which may impede its growth in what is a dynamic and fast paced industry. Currently Voodoo Ltd is in a battle to retain its momentum as a leading firm in the food and beverage industry as it faces strong competition from competitors who are out performing them in production rates and at lower prices for shelf-space. An analysis of the current costing measures and information will allow Voodoo Ltd to reassess its current operation and implement new initiatives to tackle increasing competition to ensure it maintains its velocity moving forward.
Main Recommendations
After analysing Voodoo Ltd’s current costing and production process we have carefully formulated our recommendations that we believe would greatly assist Voodoo Ltd in remaining competitive and ensuring exponential growth can be achieved within the coming financial years.
Below is an outline of our recommendations which will be further discussed later on in the report:
• Voodoo Ltd needs to consider R&D costs when designing product costing system. This is to avoid unwanted failure in its sales and marketing departments.
• Senior management should look to streamline the delivery and transportation across all three production plants.
• Voodoo Ltd should look to appoint a head of innovation to ensure its three production plants can be closely monitored and improved.
• Voodoo Ltd should ensure that investments in information technology are effective.
• Voodoo Ltd should ensure they control and monitor the accounting procedures involved in costing processes.
• Voodoo Ltd would benefit from using a tailored product costing system

i. Benefits of a product costing system for Voodoo Ltd
According to Smith, Throne and Hilton (2012), product costing systems can be used for accumulating product related costs and using further procedures to assign these costs to the final product. Moreover, product costing analysis can increase the accuracy of this process, especially when it comes to variable costing, where the cost changes in direct proportion to a change in the level of activity and leaves fixed costs to other expense accounts. This is able to enforce the matching principle, attaching costs to the value they create throughout the business. As a result, Voodoo Ltd can predict costs that are accumulated in the production of tea and can decrease costs that are not necessary and reduce the price of the product. Therefore, they are able to compete with the competitors’ price in the market. Furthermore, product costing systems...

Find Another Essay On Voodoo Ltd Business Case Study

Case Study Based on Q R Holdings Ltd

1379 words - 6 pages its ethical standards to encourage investment and more business contracts (Queensland Bulks Handling 2003). South Galilee Coal is another stakeholder of Q R National Ltd whose main activity is production and exploration of coal deposits (South Galilee Coal 2010). It has a coal basin to the south of the region and relies on the transportation services of Q R National to export its products. The consideration for Queensland Rail National is having

Sales Management-Warren Soft Drinks Ltd. Case Study

3216 words - 13 pages INTRODUCTIONWarren Soft Drinks Ltd is a company which operates in the very competitive market of soft drinks with giants like The Coca-Cola Company and PepsiCo as competitors, but with even less significant ones like Tango and Virgin Cola, as far as carbonated drinks are concerned. In the mineral waters and still concentrates markets the competition is less fierce but existent all the like.As the case study shows there are several issues which

Case study on the Loan System of City Bank Ltd

9438 words - 38 pages 1.0 ORGANIZATIONAL DESCRIPTION1.1 Introduction:The City Bank Limited is the first private sector bank in Bangladesh. It was incorporated on 14th March 1983 as a Public Limited Company under the Companies Act- 1913. The noble intention behind starting of this Bank was to bring about a qualitative change in the sphere of banking and financial management. It got Certificate of Commencement of Business on 3rd March 1983 and formally started banking

Small Business Case Study

2008 words - 8 pages Enterprise & Entrepreneuralism Bridgetown Newsagents - A Small Business Case Study Introduction Dillons newsagents is a late closing local shop with a 'Mini-Mart' service. The 'Mini-Mart' side of the business is franchised from Dillons to a registered partnership: Mr Charles Pettifer and Mr Marc Devis. Full services are provided in the shop, a paper delivery service is also available along with the full complement of groceries, fresh

Case Study of a Business

2542 words - 10 pages Case Study of a Business Rexam PLC is a Consumer Packaging company. Consumer Packaging is the packaging that reaches the consumer, e.g. Bottles and cans etc. Rexam PLC is the parent company of Rexam Glass LTD among other companies, and it is based in Britain. Rexam PLC has multiple business activities. One of their activities is the production of beverage cans and bottles, and almost 80% of Rexam PLC's sales come

Business Case Study - Lucent Technologies

1897 words - 8 pages Business Case Study - Lucent Technologies Executive Summary Lucent Technologies is a global leader in communications and software development. This report briefly overlooks its evolution, its achievements since its inception and its mission and targets. Born as a result of a spin-off of a unit of AT&T and relying on Bell Laboratories for its innovations, Lucent has expanded and grown at a tremendous rate in a very

International Business: Microsoft Case Study

5278 words - 21 pages Humanist. 2001.Gilbert, R. and Riordan, M. Product Improvement and Technological Tying in a Winner-Take-All Market, Journal of Industrial Economics. 2007. 1, 2007, Vol. 55.Hazlett, Thomas, Litan, Robert and Rockefeller, Edwin. Legal and Economic Aspects of the Microsoft Case: Antitrust in the Information Age. 2000. April 2000.Hill, C.W.L. International Business: Competing in the global marketplace, 7th Edition. McGraw-Hill. 2009Jaworski, Bernard, Kohli

Business Case Study - Singapore Airlines - College 2019 - Case Study

555 words - 3 pages Perrotta 2 Noel Perrotta April 4, 2018 Business Policy and Strategy Case Study #3 Singapore Airlines is clearly in a tough spot. Trying to figure out how air travel will be impacted just a week after 9/11 is a monumental task. It’s wise that they are concerned about their $100 million plan to upgrade seats into “spacebeds” in their premiere cabins. But I think that canceling this plan after they have already announced it would be a terrible

Business Essentials case study #1 - Berklee - Case study

791 words - 4 pages Zhuojuan Wang Case Study #1: When Mother Nature Storms In 2-31. After Hurricane Sandy hit, Lowe’s committed to maintaining prices on emergency goods. Do you think that other retailers acted similarly? Why or why not? In this case, as one of the biggest firm in the industry, Lowe’s action was very charitable and it provided very timely support in the emergency circumstance. Even though it is an action that rises high social responsibility, and

Titan Case Study- International business law

1944 words - 8 pages limit, the problem of bribery throughout the world.Scope of researchIn order to find a case that corresponded to a topic which was covered during the seminar, I started out by looking for articles which talked about corruption. When I came upon an article that seemed to cover international business law, the Titian case, I continued to search for related articles.Most of the articles mentioned the Foreign Corruption Practices Law of 1977, so it

Australian Law and Business - case study

2464 words - 10 pages Jack prior to the ride for taking him to the University for free. It was no doubt that Jack is doing business in which he drive passenger to their request destination in exchange for a certain sum of money (the taxi fare).To create a contract, there are 4 essential elements which are Intention, Offer, Acceptance and Consideration:-IntentionIt means that there must be an intention to create legal relations between both parties. For identifying the

Similar Essays

A Case Study On Seek Ltd

1316 words - 5 pages Department of Tourism, Leisure, Hotel and Sport ManagementBachelor of Business (Hotel Management)Academic Year 2007 Semester-12020MKT Fundamentals of E-commerceA Case study on SEEK LTDIndividual AssessmentSubmitted by: Vicky Patel - s2163251Name of Tutor: RahimDate and Time of Submission: 21st May 2007, 15:00hrsA Case study on SEEK LTD.About Seek Limited and Seek LearningSeek limited (ASX code: SEK) is the leader in the online employment and

Stakeholder Analysis (A Case Study Of Pamol Nigeria Ltd)

1857 words - 7 pages development tell us must be consulted in decisions that affect them.For the purpose of this course work assignment, a case study of Pamol Nigeria Limited has been undertaken to illustrate stakeholder analysis.PAMOL NIGERIA LIMITEDPamol Nigeria Ltd was established in 1904 primarily concerned with the production of palm oil. Since then, much has changed in terms of its business scope and equity participation. Today, Pamol Ltd is involved in the

Law Coursework Case Study Of Benitez Computers Ltd

756 words - 3 pages In advising Benitez Computers LTD we must consider whether the fax they sentout to a number of their customers was an offer or and invitation to treat.An invitation to treat is where a party such as Benitez Computer LTD arenot willing to implement the terms of their promise but merely seeking toinitiate negotiations. As in the case study of Partridge and Crittenden itwas decided that if the advertisement such as the fax sent out was aninvitation

A Case Study Of Bouwland Landgoed Ltd, South Africa

5874 words - 24 pages Australia. International Journal of Management and Enterprise Development (IJMED), 2 (3/4): pp 374-386. Johnson, G., Whittington, R. and Scholes, K. 2011. Exploring Strategy Text & Cases. 9th edition. England: Financial Times Prentice Hall. Neven, D, Reardon, T & Hopkins, R. 2005. A case study of Bouwland Landgoed Ltd Wheelen, T.L. and Hunger, J.D. 2012. Strategic Management and Business Policy. 13th edition. USA: Pearson Wheelen, T.L. and Hunger, J.D. 2010. Strategic Management and Business Policy. 12th edition. USA: Pearson 1