Our Services

Get 15% Discount on your First Order

[rank_math_breadcrumb]

Cookie Business Assignment objective: 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

Cookie Business

Assignment objective: 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:

Gain an understanding of product costing (direct materials, direct labor, and overhead).

  1. Review job order costing.
  2. Review process costing.
  3. Make business decisions based on analyzing accounting data.

Length: You will prepare a four- to five-page written report (including spreadsheets) using the Unit III Project Template. 

References: A minimum of 2 peer-reviewed references are required, any additional resources used are required to be scholarly/academic in nature and found in the CSU Library. APA formatting is required be used for citations and references. Use this definition to define the term in the instructions. 

Definitions: Scholarly journals are sometimes called academic journals. The terms are often used interchangeably to describe the same type of publication. These types of publications are published by universities, academic institutions, professional associations, and commercial enterprises and are compiled by scholars, academics, and other subject authorities.

Details: 

First, start the paper with an abstract and introduction section per the assignment template provided above.

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 (this is the first and only order).

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.

  • For process costing, examine the costs per 1,000 cookies looking at these top three processes (departments): Mixing, Add-ins, Packaging.
  • The Mixing Department will be examined in depth (only do this department).
  • All materials will be added in at the beginning of the process.
  • The cookies will be in the Mixing Department for a total of 8 hours (use two employees, 4 hours each as your direct labor). The cookies will be 100% complete with respect to materials, and only be 40% complete with respect to conversion costs (labor and overhead) before they are transferred to the Add-ins Department. Manufacturing overhead is 30% of direct labor costs.
  • 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 (job order vs. process costing), 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.

End this paper with the key observations and present any future recommendations. Use the Unit III Cookie Project Spreadsheet Templates for your job order, and process costing spreadsheets to be embedded in your case study document.

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

You will create a 10-minute video presentation of your Final Capstone Project and post it to the Unit 8 Discussion Capstone Project Presentation forum. Instructions: Please complete a 10-minute video

You will create a 10-minute video presentation of your Final Capstone Project and post it to the Unit 8 Discussion Capstone Project Presentation forum. Instructions: Please complete a 10-minute video presentation of your Final Capstone project containing the following: What would you use to make your pitch to your leadership

In this activity, you will submit a working annotated bibliography of 3 to 5 sources you have reviewed in preparing your final project. These sources could include, but are not limited to, the organiz

In this activity, you will submit a working annotated bibliography of 3 to 5 sources you have reviewed in preparing your final project. These sources could include, but are not limited to, the organization’s: Strategic plan Sustainability report Annual report Prompt Create 3 to 5 annotations for your reviewed sources

Reply of at least 500 words to this post. Reply must be supported by at least 3scholarly peer-reviewed sources in the current APA format. Any sources cited must have beenpublished within the last five

Reply of at least 500 words to this post. Reply must be supported by at least 3scholarly peer-reviewed sources in the current APA format. Any sources cited must have beenpublished within the last five years. and must contain biblical integration.The Bible must be cited to support your assertions regarding biblical

Reply of at least 500 words to this post. Reply must be supported by at least 3 scholarly peer-reviewed sources in the current APA format. Any sources cited must have been published within the last fi

Reply of at least 500 words to this post. Reply must be supported by at least 3scholarly peer-reviewed sources in the current APA format. Any sources cited must have beenpublished within the last five years. and must contain biblical integration.The Bible must be cited to support your assertions regarding biblical

REAL WORLD APPLICATION: PLANNING AND DECISION-MAKING ASSIGNMENT INSTRUCTIONS INSTRUCTIONS Select a technique/concept from the reading regarding Planning and Decision-Making (Cost-Volume-Profit) and d

REAL WORLD APPLICATION: PLANNING AND DECISION-MAKING ASSIGNMENTINSTRUCTIONSINSTRUCTIONSSelect a technique/concept from the reading regarding Planning and Decision-Making (Cost-Volume-Profit) anddevelop a real-world application paper. Select a company that you work for now or have workedfor in the past, or a company in your community of which you have sufficient knowledge. Showhow the

Submit your 20+page Capstone paper to your instructor for grading. Instructions: You will submit your final Capstone MBA in Corporate Innovation at Stratasys Ltd after making changes based on feedbac

Submit your 20+page Capstone paper to your instructor for grading. Instructions: You will submit your final Capstone MBA in Corporate Innovation at Stratasys Ltd  after making changes based on feedback provided by your instructor from all your previous drafts. Also, it should include Implementation plans, future follow up needed, recommendations

You will create a 10-minute video presentation of your Final MBA Concentration: Corporate Innovation Stratasys Ltd., and post it to the Unit 8 Discussion Capstone Project Presentation forum. You will

You will create a 10-minute video presentation of your Final MBA Concentration: Corporate Innovation Stratasys Ltd., and post it to the Unit 8 Discussion Capstone Project Presentation forum. You will comment on at least two fellow students’ presentations. Instructions: Please complete a 10-minute video presentation of your Final Capstone project

Hello these are discussion post that are meant to be responded with only 75 -90 words using your own words. 1. Instructor: For benchmarking, some companies are reluctant to share their KPIs (Key Pe

Hello these are discussion post that are meant to be responded with only 75 -90 words using your own words.   1. Instructor: For benchmarking, some companies are reluctant to share their KPIs (Key Performance Indicators) so other companies cannot use them as their goals. There is also a thought that

8-2 Discussion: Diversity in Economics ListenECO 201 Module Eight Discussion Guidelines and RubricOverview Your active participation in the discussions is essential to your overall success this term.

8-2 Discussion: Diversity in Economics ListenECO 201 Module Eight Discussion Guidelines and RubricOverview Your active participation in the discussions is essential to your overall success this term. This final discussion allows you to extend what you have learned in this course to further applications that may be of interest. Note

You will create a 5 minute video reflection presentation about your learning experience throughout the BUS695 Capstone Experience MBA Concentration: Corporate Innovation. Instructions: Please complete

You will create a 5 minute video reflection presentation about your learning experience throughout the BUS695 Capstone Experience MBA Concentration: Corporate Innovation. Instructions: Please complete a five-minute video reflection containing the following: • The presentation contains solid and thoughtful insights about their learning experience (growth and challenges), and concrete recommendations

Scenario You are a business development manager reporting to the vice president (VP) of business development at one of the largest life sciences organizations in the Midwest. You are working with the

Scenario You are a business development manager reporting to the vice president (VP) of business development at one of the largest life sciences organizations in the Midwest. You are working with the strategic planning team to assess the current data to make recommendations to its board of directors regarding the

Unit 6: Writing Assignment Prompt: Answer the following chapter questions:How do the PDSA and DMAIC cycles of healthcare quality management compare to the A3 template approach?What are common mistakes

Unit 6: Writing Assignment Prompt: Answer the following chapter questions: How do the PDSA and DMAIC cycles of healthcare quality management compare to the A3 template approach? What are common mistakes made in the problem definition stage of problem-solving? Which is the most important element of the A3 template on

Unit 6: Chapter Question 3 Prompt: Which is the most important element of the A3 template on which to gain consensus with your quality improvement team?Requirements: Responses should be thorough to re

Unit 6: Chapter Question 3 Prompt: Which is the most important element of the A3 template on which to gain consensus with your quality improvement team? Requirements: Responses should be thorough to reflect a deep understanding of the subject. Unit 6: Chapter Question 5 Prompt: What approach does the Problem

The attached article is about American business topics. The format has to be exactly as the example: Summary: Discussion Opinion Works Cited Write a three sentence Summary of the article. You will bri

The attached article is about American business topics. The format has to be exactly as the example: Summary: Discussion Opinion Works Cited Write a three sentence Summary of the article. You will briefly summarize the article by stating the main points in your own words in a few complete sentences

Submit the application aspects from your MBA Corporate Innovation courses to your Capstone project. Instructions: • This section should include a clear and comprehensive application of course concepts

Submit the application aspects from your MBA Corporate Innovation courses to your Capstone project. Instructions: • This section should include a clear and comprehensive application of course concepts, assignments, or textbook material from your MBA concentration courses. • This section of the paper may include any of the following: o

Case Study #2: “Kiwi Samurai” Questions Submit your responses in a Word document with an MLA-style header. Omit the questions/prompts from the final document and only provide your responses as number

Case Study #2: “Kiwi Samurai” Questions Submit your responses in a Word document with an MLA-style header.  Omit the questions/prompts from the final document and only provide your responses as numbered (i.e., 1, 2, 3a/b, 4). 1. The Japanese culture displays several strong characteristics including:   Group (relationship) orientation. Hierarchy and