Cost control analysis Research Paper Example | Topics and Well Written Essays - 2750 words - 1

Cost control analysis - Research Paper Examplewas identified as a key factor contributing to poor cost control measures, leading the management to dismiss resources that it would have invested in something else.Solutions on these defects in cost management have been identified through the research. bankers acceptance of Just-in-time model depart ensure irrelevant costs have been scraped lean manufacturing model, on the other hand, volition reduce the wastage of resources as suggested by one of the cooks in the interview conducted during the research. Results of the recommendation will be severalise on the profit levels and efficiency in operationsThe level of profit a firm hatful generate in a given fiscal year not only depends on the gross sales level, but also it cost control measures. Cost can be defined as the heart incurred by an organization in its pursuit for generating income. This therefore, means that costs atomic number 18 inevitable in some(prenominal) organizat ion that intends to generate income. Costs are classified according to the relationship with the level of production. There are two main types of costs namely Fixed cost and variable cost. Fixed costs do not vary with the level of production while variable cost varies with the level of production (Evans, 1964). During the internship class at Joes subtle Chinese, these costs were evidenced on the production processes. In this paper, research will be conducted to identify the causes for the cost increase and how it can be controlled for overall benefit of Joes Excellent Chinese Cuisine.The problem for this research rotates around cost with its implication in the profit generated in a given fiscal year. Costs are unavoidable, and it is upon the management of Joes Excellent Chinese to come up with a strategy that will minimize the cost. Competitors of the firm offer same product (food) at an approximately same price. This has created a problem for Joes Excellent Chinese since consume rs do not see whatsoever difference as far as price is concerned. It should be noted that consumers are