Cost Sheet Free Essays

We accept this open door to express gratitude toward Prof Jayesh Jain for offering us a knowledge , his important guidance , opportune proposals and consistent help all through the task. We might likewise want to express gratitude toward Mr. Raj Raut who is into the frozen yogurt business for the important data that he imparted to us ,which end up being extremely useful while setting up the task ABSTRACT This undertaking report is set up to examination the cost investigation of Amul dessert and to figure the cost sheet to discover the per unit cost of a solitary Amul frozen yogurt cup of 100 gm(fruit and nut). We will compose a custom exposition test on Cost Sheet or then again any comparable point just for you Request Now Our associates uncle likewise helped us in finding the different cost engaged with assembling frozen yogurt and we additionally got data from www. amulicecream. in.OVERVIEW OF ICE-CREAM INDUSTRY History:- The frozen yogurt industry is for the most part administered by the avoidance of food and debasement act (PFA)- 1954 in India. The dessert showcase development got after de-reservation of the part in 1997. History of Indian frozen yogurt industry is exceptionally old begun in un-sorted out area and for the most part the mainstream item was kulfi. New advancements and coolers are the primary power behind the turn of events. Future is brilliant for dessert industry in India. Creation â€area:- In country zones, kulfis/desserts made by little/cabin industry are well known. The market for composed part is confined to enormous metropolitan cities.In humble communities and towns, there are a large number of little players who produce frozen yogurts/kulfis in their home lawn and oblige the neighborhood advertise. Practically 40% of the desserts sold in the nation are devoured in the western area with Mumbai being the primary market, trailed by 30% in the north and 20% in the south. Industry Snapshot:- †¢ Market Size †1200 Crores †¢ Ice Cream advertise is developing at 26% (yoy) Major players:- 1. Amul †Market Leader with portion of 36% 2. HLL †Kwality Walls †second greatest player 3. Mother Diary 4. Arun †Chennai Based Hatsun Agro Product Few Brands/Target Consumers 1. Youth Centric †Chillz 2. Children †Moo 3. Youngsters †Cornetto 4. Wellbeing Conscious †Amul Sugarfree Pro-Life Future of Ice Cream Market in India:- Ice Cream market will extend with increment in number of shopping centers. Likewise organizations like †HLL has been expanding their dessert outlets †Swirl. Scarcely any years prior buyers use to go out for stroll after supper and use to purchase desserts from vendors. Yet, presently customer who frequently visit shopping centers for amusement wants to purchase frozen yogurts during various times as it is noticeable forthright and want to spend Rs. 50 for that delicious chocolate whirl with cake and nuts. As advertisers are understanding the various needs of customers, be it wellbeing cognizant individuals (Amul sugar free and star life dessert) , kids, adolescents, and so on, and are thinking of items explicit for them. with arrangement of flavors, shopper today has plenty of choices nearby to browse and hence high likelihood of getting one more scoop of frozen yogurt. Additionally with expanding wallet size and inventive current retail designs, it has unquestionably given a Philip to the frozen yogurt industry in India. About the organization Amul [pic] Gujarat Cooperative Milk Marketing Federation:- Gujarat Cooperative Milk Marketing Federation (GCMMF) is India’s biggest food items promoting association. It is a state level summit assemblage of milk cooperatives in Gujarat which intends to give profitable comes back to the ranchers and furthermore serve the enthusiasm of buyers by giving quality items which are acceptable incentive for cash. A few measurements about the organization:- The Turnover of Amul was Rs. 52. 55 billion out of 2007-08. Individuals: |13 region agreeable milk producers’ Union | |2. 7 million | |No. of Producer Members: | |No. of Village Societies: |13,141 | |Total Milk dealing with limit: |10. 21 million liters for every day | |Milk assortment (Total †2007-08): |2. 69 billion liters | |Milk assortment (Daily Average 2007-08): |7. million liters | |Milk Drying Capacity: |626 Mts. every day | |Cattle feed fabricating Capacity: |3090 Mts every day | AMUL â€the brand:- Amul - the deep rooted brand has a place with (GCMMF). AMUL implies â€Å"priceless† in Sanskrit. The brand name â€Å"Amul,† originates from the Sanskrit word â€Å"Amoolya,† and was proposed by a quality control master in Anand. Today Amul is an image of numerous things. Of excellent items sold at sensible costs. Of the beginning of an immense co-employable network.Of the triumph of indigenous innovation. Of the showcasing adroit of a farmers’ association. What's more, of a demonstrated model for dairy advancement. Different items under the brand name Amul :- Amul items have been being used in a large number of homes since 1946. †¢ Amul Butter, †¢ Amul Milk Powder, †¢ Amul Ghee, †¢ Amul Cheese, †¢ Amul Chocolates, †¢ Amul Shrikhand, †¢ Amul Ice creams, †¢ Nutramul, Amul Milk and †¢ Amulya have made Amul a main food brand in India. A few realities about the Amul frozen yogurt:- †¢ Amul Ice Cream was propelled on tenth March, 1996 in Gujarat. †¢ The portfolio comprised of motivation items like sticks, cones, cups just as bring home packs and institutional/cooking packs. In 1997, Amul frozen yogurts entered Mumbai followed by Chennai in 1998 and Kolkata and Delhi in 2002. Broadly it was turned out the nation over in 1999. †¢ Has fought rivalry like Walls, Mother Dairy and accomplished the No 1 situation in the nation. This position was accomplished in 2001 and it has kept on staying at the top.†¢ Today the piece of the overall industry of Amul frozen yogurt is 38% offer against the 9% piece of the pie of HLL, accordingly making it multiple times bigger than its nearest rival. †¢ Amul’s passage into desserts is viewed as fruitful because of the huge piece of the overall industry it had the option to catch inside a brief timeframe †because of value differential, nature of items and obviously the brand name. Dessert extend:- Royal Treat Range †(Butterscotch, Rajbhog, Malai Kulfi †¢ Nut-o-Mania Range (Kaju Draksh, Kesar Pista Royale, Fruit Bonanza, Roasted Almond) †¢ Royal Treat Range †(Butterscotch, Rajbhog, Malai Kulfi) †¢ Nut-o-Mania Range †(Kaju Draksh, Kesar Pista Royale, Fruit Bonanza, Roasted Almond) †¢ Nature’s Treat †(Alpha nso Mango, Fresh Litchi, Shahi Anjir, Fresh Strawberry, Black Currant, Santra Mantra, Fresh Pineapple) †¢ Sundae Range-(Mango, Black Currant, Sundae Magic, Double Sundae) †¢ Assorted Treat †(Choco bar, Dollies, Frostik, Ice Candies, Tricone, Choco crunch, Megabite, Cassatta) †¢ Utterly Delicious †(Vanilla, Strawberry, Chocolate, Chocochips, Cake Magic) ost sheet examination Direct Cost : | Direct materials | |To make one frozen yogurt cup underneath are the parts or crude materials required with their unit cost : | Dry Fruits †3 % Milk †70% Flavors †5 % Other fixings †4 % Sugar †16 % Cup †2 % 1) Direct Labor : There are 17 specialists utilized in the creation of the frozen yogurt and every laborer is paid Rs 2000 every month . 2) Direct Costs or costs :The immediate expense incorporates costs brought about in carrying the crude materials into the manufacturing plant ie. Carriage internal. The crude materials are bought each month and costs required for carriage are Rs 1840. Roundabout Costs: 1) Factory Overheads: The Factory Overheads incorporates the circuitous work, manufacturing plant lease, protection and deterioration on hardware, power, industrial facility supervisor’s compensation ,pressing material, product house costs and other plant costs. †¢ Indirect work : This incorporates 3 sweepers whose normal pay rates are Rs. 1000 each. †¢ Insurance: The complete protection sum is Rs 15000. †¢ Break up of the absolute protection sum for Machinery †1200000 Land †500000(1000 sq. ft. * Rs. 500 for each sq. ft. ) †¢ Depreciation on apparatus : There are 6 machines in the plant ,one machine is utilized for making frozen yogurts which is Boiler and other are Refrigerators . The expense of Boiler is Rs 300000 and Refrigerators are worth of Rs. 900000. The devaluation technique followed is SLM @ 7%. †¢ Power Fuel: The month to month normal expense of intensity utilization of the industrial facility is Rs 42375. †¢ Supervisor’s compensation : The processing plant has 2 administrators and pay of every chief is Rs 2500. †¢ Cost of support : oiling and cleaning of hardware and different incidental expences for maintainance. 2) Office and organization overheads:- Office and organization overheads incorporate office lease, compensation to staff, office and general costs, printing and fixed, phone costs, power and lightings †¢ Office lease: The per sq. ft pace of the Office is Rs 18. The zone of the processing plant is 300 sq. ft. †¢ Salary to staff : the workplace staff has three representatives. A peon, representative and an Accountant and the pay rates are Rs 800, Rs 2200 and Rs 4000 separately. †¢ Office and general costs: This involve refreshments(tea and snacks). †¢ Telephone Expenses:- Calls made by the staff individuals. †¢ Electricity and lightings:- It comprises of office lighting and cooling costs. 3) Sales and dissemination overheads:- Sales Commission : As a piece of support for sales reps ,they are given commission of 2. 5 % of the all out deals done by them. †¢ Discount permitted : To draw in retailer to purchase the item they are offered a rebate of 5% on the selling cost. †¢ Salary of sales reps : The organization has 5 deals people and they are paid a pay of Rs 3500 each every month. †¢ Carriage outward: To convey the completed merchandise to the entire dealers , the transportations charge per unit/item is set as Re 1.