Even complicated and confusing topics will be easily developed and covered if you request our help writing an essay. Place an order today!

Instructions Cookie Business In this project, you will be opening your own specialty cookie company to see how

Instructions
Cookie Business
In this project, you will be opening your own specialty cookie company to see how product costing methods and changes in production affect business decisions. You will be creating a series of reports and analyzing the results using the template provided to guide you through the project.
The learning objectives of this project are as follows:
  1. Gain an understanding of product costing (direct materials, direct labor, and overhead).
  2. Review job order costing.
  3. Review process costing.
  4. Make business decisions based on analyzing accounting data.
USING PROJECT TEMPLATE I HAVE IN THE ATTACHMENTS.
Introduction
Part 1: Establish a cookie business selling only one type of specialty cookie with two employees making the cookies.
  • Create a name and establish a location for the business.
  • Construct a mission statement for the business.
  • Decide on the type of cookie you want to make and sell.
Part 2: Develop costing and sales information for 1,000 cookies.
  • Estimate and explain the cost per cookie based on job order costing (manufacturing overhead is 30% of direct labor costs). Prepare a job order cost sheet by researching and identifying the top five ingredients and their estimated costs as your direct materials. Research and identify the cost of wages for your two employees as your direct labor. It typically takes two days to make 1,000 cookies.
  • Estimate and explain the cost per cookie based on process costing with 40% conversion costs. Identify the top three processes you feel are needed to make the cookies and prepare a production cost sheet for one of those processes.
  • Estimate and explain the sales price you plan to set per cookie based on the cost data.
Part 3: Compare and contrast the costing methods used in this project, including which you believe provides the most useful information as a manager.
Part 4: Discuss what will happen to revenue if the number of the cookies sold increases or decreases.
Use Cookie project spreedsheet Template for your job order, and process costing spreadsheets to be embedded in your case study document.

testimonials icon
Conflicts are common everywhere, from ourhomes to our schools.Conflicts happen when we refuse to change.Things can be good or bad when we choose toge...
testimonials icon
SCI 162 Week 3 Assignment; How Fit Are You (AppendiX D)...
testimonials icon
Informational Interview Dr. Robin...
testimonials icon
check the attachmentfollow all requiremtnneed a good project.  Due time: 24th 15:00PM Est US time...
testimonials icon
The paper should consist a brief description of the case, an explanation of the problem, alternative solutions, your recommendations, incl...
testimonials icon
Running head: THE CHANGING ROLE OF WOMENThe Changing Role of WomenStudents NameInstitutional AffiliationDate1THE CHANGING ROLE OF WOMEN2The Changing...
testimonials icon
Discuss the damage wrought by the Indian Ocean earthquake and tsunami. Include details on death tolls, total amount of damage, effect/impa...
testimonials icon
leadership nix strongThe Core Leadership Theories/strong One section of your dissertation will be a literature...
testimonials icon
Name the 5 concentric zones and explain what may be found in each zone....
testimonials icon
Module 9 Workplace RelationsEAW2 Networking TreeStudent name: DAVINDERPAL SINGHCourse Code:EAW2Facilitator: FRANK MILODate: 28/07/2020Networking Tree...
testimonials icon
Code of Ethics and Evaluation Paper Your task is to create an original Code of Ethics and Evaluation Paper for your company or organization. You ma...
testimonials icon
Gap AnalysisName:Course:Professor:Date:Key issues/challenges/risks from this case studyOne of the key issues identified in the risk assessment is the...

Other samples, services and questions:

Calculate Price

When you use PaperHelp, you save one valuable — TIME

You can spend it for more important things than paper writing.

Approx. price
$65
Order a paper. Study better. Sleep tight. Calculate Price!
Created with Sketch.
Calculate Price
Approx. price
$65