Unit II Project Cookie Business In this project, you will be opening your own sp

Unit II Project
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:
Gain
an understanding of product costing (direct materials, direct labor, and
overhead).
Review
job order costing.
Review
process costing.
Make
business decisions based on analyzing accounting data.
Instructions
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 (the 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 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.
NOTE: Attached PDF titled “Unit II Project” is completed work from a friend and to be used as a template/reference/example ONLY.

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Cookie Business
In this project, you
will be opening your own sp appeared first on Skilled Papers.