12title Of The Paper Goes Herestudent Nameinstitutionacc 5301 Manageme ✓ Solved
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. 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 - Cost Summary Direct Materials - 0 Direct Labor - 0 Manufacturing Overhead - 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
Paper for above instructions
Title of Paper: A Comprehensive Analysis of Cookie Company AccountingStudent Name: [Your Name]
Institution: [Your Institution]
ACC 5301 Management Applications of Accounting
Instructor: [Instructor Name]
Date: [Insert Date]
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Abstract
This paper introduces a hypothetical cookie business named “Cookie Bliss,” which specializes in gourmet chocolate chip cookies. The mission is to provide high-quality, delicious cookies made with organic ingredients. The analysis examines job order costing and process costing methods, delivering insights on cost per cookie and the pricing strategy. The findings reveal that job order costing is more beneficial for “Cookie Bliss” due to its custom production nature. Revenue implications are considered given the fluctuations in sales volume. Recommendations emphasize refining cost management and pricing strategies to maximize profitability.
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Introduction
The cookie industry is a burgeoning sector within the food industry, characterized by an increasing demand for gourmet products. This paper focuses on a new cookie enterprise, "Cookie Bliss," located in Austin, Texas, aiming to make its mark by offering only one type of cookie—artisan chocolate chip cookies made with premium organic ingredients.
The significance of this analysis resides in understanding how effective costing methods impact financial decisions and operational efficiency. This paper will explore the estimated cost per cookie using job order costing and process costing, compare both methods, and examine the repercussions of sales volume changes. The overall goal is to ascertain which costing model supports the business's financial health while providing recommendations for future operational strategies.
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Part 1: Establish Cookie Business
Company Name: Cookie Bliss
Location: Austin, Texas
Mission Statement: To delight customers by delivering the freshest and most delectable gourmet chocolate chip cookies crafted from organic ingredients.
Type of Cookie: Artisan chocolate chip cookies.
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Part 2: Costing and Sales Information
Job Order Costing Analysis
For job order costing, we will consider our cookie production as a separate job wherein we calculate the costs involved in creating a batch of cookies. The following are the direct materials used:
- Flour:
- Sugar:
- Chocolate Chips:
- Butter:
- Eggs:
Total Direct Material Costs:
Flour + Sugar + Chocolate Chips + Butter + Eggs = + + + + =
Direct Labor Costs:
Assuming two employees worked 10 hours each at /hour:
Direct Labor = 2 employees 10 hours /hour = 0
Manufacturing Overhead:
Calculated as 30% of direct labor costs:
Manufacturing Overhead = 30% * 0 =
Total Cost Calculation
Total costs per batch = Direct Materials + Direct Labor + Manufacturing Overhead = + 0 + = 0
So, for a production batch of 1,000 cookies:
Cost per cookie = Total Cost / Number of Units = 0 / 1,000 =
12title Of The Paper Goes Herestudent Nameinstitutionacc 5301 Manageme
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. 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 - Cost Summary Direct Materials - 0 Direct Labor - 0 Manufacturing Overhead - 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