Job Ordername Of Company Herejob Order Cost Sheetjob Numberdirect M ✓ Solved
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 Sheet 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.
Paper for above instructions
Job Order Cost Sheet and Production Cost Report for Cookie Company: Sweet Treats CookiesStudent Name
Institution
ACC 5301 Management Applications of Accounting
Instructor
Date
Abstract
In this paper, I present a comprehensive analysis of the costing processes applied to a cookie making business, specifically focusing on Sweet Treats Cookies. This analysis encompasses job order costing and process costing methodologies, their implications on overall expenses, and projected sales prices. I will elucidate the estimated costs associated with producing cookies, emphasizing the differences between job order and process costing. Furthermore, I will explore the financial impacts of varying sales volumes. Lastly, the paper concludes with recommendations for effectively managing the cookie production business.
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Introduction
The cookie industry is both highly competitive and lucrative, with diverse consumer preferences driving innovation and market growth. This paper focuses on Sweet Treats Cookies, a niche company located in Austin, Texas, specializing in gourmet chocolate chip cookies. The mission statement of Sweet Treats Cookies is "To bake high-quality gourmet cookies that delight our customers with unique and delicious flavors." By analyzing our costs through job order and process costing methods, we can establish effective pricing strategies and maximize profitability. The purpose of this paper is to provide a thorough examination of Sweet Treats Cookies' costing structure while considering its implications on sales performance and overall business strategy.
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Part 1: Establish Cookie Business
Name of the Company: Sweet Treats Cookies
Location: Austin, Texas
Mission Statement: To bake high-quality gourmet cookies that delight our customers with unique and delicious flavors.
Type of Cookie: Our company specializes in artisan chocolate chip cookies made with premium, all-natural ingredients.
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Part 2: Costing and Sales Information
The costing methods used in the Sweet Treats Cookies business include job order costing and process costing. For job order costing, we focus on specific orders or batches of cookies, tracking direct materials, direct labor, and manufacturing overhead.
Job Order Cost Sheet
- Job Number: 001
- Direct Materials:
1. Flour -
2. Sugar -
3. Butter -
4. Eggs -
5. Chocolate Chips -
- Direct Labor:
- Employee 1
- Hours: 5
- Rate: /hour
- Total Cost: 0
- Employee 2
- Hours: 3
- Rate: /hour
- Total Cost:
- Manufacturing Overhead:
- Estimated as 30% of Direct Labor Costs:
- Total Costs:
- Direct Materials:
- Direct Labor: 0
- Manufacturing Overhead:
- Total Cost of the Job: 8
- Units Produced: 1,000
- Cost per Unit:
Job Ordername Of Company Herejob Order Cost Sheetjob Numberdirect M
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 Sheet 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.