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Royal Biscuits Inc

Roodhooft, Filip
de Vlieger, An-Katrien
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2008
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Royal Biscuits Inc is a British manufacturing company of fine biscuits. They have a highly respected product portfolio of 3 fine biscuits: Supreme crisps (R), Tropical chocolates (R) and Sublime rolls (R).The turnover of Royal Biscuits Inc is steadily increasing, but margins are dropping significantly due to increased purchase prices of ingredients. In order to adjust the selling prices and thus improve the margins, the company urgently needs to know how much it costs to produce the biscuits. Therefore, they decide to set up a new straightforward costing system. The company opts for a standard costing system that allows them to recognise the generated costs upfront. By analysing this case, students are familiarised with a traditional standard costing system. The students are required to calculate standard costs and actual costs. A variance analysis helps them to draw conclusions. In addition, the students should build up an income statement using standard and actual costing.
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