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Pepsi/Cola Accounting System and Financial Part - Assignment Example

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Pepsi/Cola Accounting System and Financial Part

This entails meeting customer needs for a wide range of beverages and foods, and minimizing its effect on the environment packaging, water and energy initiatives. It also supports employees through an inclusive and diverse culture that retains and recruits world-class talent (Scribd.com, 2012). Operations of PepsiCo PepsiCo has three business divisions that include; PepsiCo International (PI) – this section includes the entire Latin American beverage Businesses and North America PepsiCo Beverages. PepsiCo American Foods (PAF) – it includes the whole of Latin American food and snack businesses (LAF), Frito-Lay North America (FLNA) and Quaker Foods North America (QFNA). PepsiCo Americas Beverages (PAB) – includes all the PepsiCo Businesses in Asia, Europe, United Kingdom, Middle East and Africa (Scribd.com, 2012). Manufacturing System and Methods of Costing Products PepsiAmericas is the second biggest Pepsi-Cola bottler in the universe. The company manufactures and distributes over 100 different brands and flavors in nine nations. Pepsi-Cola Jamaica uses Sage FAS 500 Fixed Assets to manage or control its entire life cycle of fixed assets (the life cycle also includes disposals, transfers and depreciation of assets). The assets entail plastic bottle equipment, closure line machines, filler line machines, computers, furniture, office equipment, delivery trucks, and bottling machinery. FAS Report Writer is an option that provides the user with batch, drilldown, and graphical reporting capabilities. It saves time on reporting and lets the user get information about things such as detailed asset analysis, acquisitions, accumulated decreases, and depreciation for any period of time. Assets in Pepsi-Cola Jamaica is recorded in Jamaican dollars and then converted into United States dollars when the data is moved to the headquarters (SAGE FAS, 2008). FAS Asset Inventory offers Pepsi-Cola Jamaica an automated fixed asset tracking system. The tracking system is composed with a state-of-the-art bar code technology. FAS Asset Accounting is integrated within the system, and it allows modified or new physical inventory data to be simply reconciled with the present asset data. FAS Asset Accounting is utilized at the main office in Pepsi-Cola Jamaica and in other seven distribution channels across the island (SAGE FAS, 2008). The methods of costing products in Pepsi-Cola are divided into two, and they include manufacturing costs and non-manufacturing costs. Manufacturing costs is defined as the expenditure sustained in carrying out the organization’s production processes. The manufacturing costs entail direct costs, for instance, expenses, materials, and labor, and indirect costs such as overheads and subcontracting. The method of costing products in Pepsi-Cola will be elaborated further by using Lay’s (Scribd.com, 2012). Lay’s is a brand name for potato chips marketed under the Frito-Lay division, which is owned by PepsiCo. In the production of Lay’s, the manufacturing costs include direct materials, direct labor, and manufacturing overheads. Direct materials used in the production of Lay’s include potato, oil, seasoning (flavor), film (packet), and carton. Direct labor is reserved for labor cost that can be traced back to the distinct units of products. In this scenario, direct labor is sometimes referred to as touch labor. This is because the direct labor workers simply touch the products as they are being made. Direct labor entails employees ...Show more

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Report On Pepsi/Cola Manufacturing Company Accounting System & Financial Part PepsiCo is the leading international snack, beverage and food company. The company produces or uses contract producers to sell and market various snacks, beverages and food in approximately 200 nations…
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Pepsi/Cola Accounting System and Financial Part essay example
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