Chat with us, powered by LiveChat 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 | Wridemy

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

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

Unit II Project

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.

You will prepare a four- to five-page written report (including spreadsheets) with at least two scholarly sources using the  Unit II Project Template . Your report will provide the following information:

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.

Conclusion and Recommendations

Use the  Unit II Cookie Project Spreadsheet Templates for your job order, and process costing spreadsheets to be embedded in your case study document.Be sure to use APA formatting throughout and reach out to the Writing Center or the Library for assistance with research, writing, and formatting. Include at least two resources from the CSU Online Library in your report.

Job Order

<Name of Company Here>
Job Order Cost Sheet
Job number:
Direct Material Direct Labor Manufacturing overhead
Ingredients Total Cost per ingredient Date Hours Rate Total Cost per employee Total Cost
<list 5 ingredients and their costs> <2 employees> <30% of Direct Labor Costs>
Total – 0 – 0
Cost Summary
Direct Materials – 0
Direct Labor – 0
Manufacturing Overhead – 0
– 0
Units 1,000
Cost per unit – 0

Process Costing

<Name of Company Here>
Production Cost Report
Department: <Select one department in your cookie making process>
Cost: Material Labor Overhead Trans In Total
Beginning WIP
Cost incurred
Total
Units:
Units Completed
Equivalent Units (ending WIP)
Total
Cost per Equivalent unit

Sheet3

,

1

2

Title of the Paper Goes Here

Student Name

Institution

ACC 5301 Management Applications of Accounting

Instructor

Date

Abstract

The Abstract is an overview of the paper, written after completion. Other researchers use the abstract to determine if your work will be useful to them. The abstract should include the background, hypothesis or research question, methodology for data collection and analysis, the findings of your research, and conclusions. It should be between 100–150 words. This is done when the paper is complete.

Title of Paper

Remember this part of the paper is double spaced in APA format.

The Introduction should lead readers into the topic and its importance. Introductions typically include the overall topic of the paper, the specific focus of the paper within the larger topic, the main points in the paper, the kind of paper (study, argument, critique, discussion), and the purpose.

Writing tip: The length of the introduction should be in proportion to the length of the paper. Also ask yourself, “With my purpose and my audience, how do I engage my readers best?” In the introduction, you set the tone of the piece, establish your voice, and demonstrate your writing style; be authentic to your purpose and your audience.

Part 1 Establish Cookie Business

Identify the name of your company, location, mission statement for your business, and type of cookie you plan to make. Keep in mind that you are only making one type of cookie for this project.

Part 2 Costing and Sales Information

Analyze and discuss the estimated cost per cookie using job order costing, the estimated cost per cookie using process costing, and the estimated sales price per cookie. Embed your spreadsheets to justify your costs.

Part 3 Compare and Contrast Costing Methods

Analyze and discuss the major differences you see between the types of costing. Which do you believe is more useful for this business, and why?

Part 4 Impact of Increase and Decrease in Sales

Discuss what will happen to revenue if the number of cookies sold increases or decreases.

Conclusions and Recommendations

The Conclusion section should summarize for the readers the topics of importance that led to your final conclusions/analysis regarding this case. Include some specific areas of focus from your analysis to reinforce your conclusion.

References

Include complete references in proper APA format for all of the citations listed in your paper. Be sure to use the library for the required number of sources. Additional sources can be used but should be scholarly. Present your references in alphabetical order.

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.

Do you need an answer to this or any other questions?

About Wridemy

We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.

How It Works

To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Are there Discounts?

All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.

Hire a tutor today CLICK HERE to make your first order

Related Tags

Academic APA Writing College Course Discussion Management English Finance General Graduate History Information Justify Literature MLA