Process costing.

 

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.
Prepare a five-page written report (including spreadsheets) with at least three scholarly sources

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.

Sample Solution

warriors. Soldiers are individuals who are involved straightforwardly or by implication with the conflict and it is legitimate to kill ‘to protect the blameless from hurt… rebuff scalawags (Begby et al (2006b), Page 290).However, as referenced above non military personnel can’t be hurt, showing soldiers as the main genuine focuses on, one more state of jus in bello, as ‘we may not utilize the blade against the people who have not hurt us (Begby et al (2006b), Page 314).’ furthermore, Frowe recommended warriors should be recognized as warriors, to stay away from the presence of close quarters combat which can wind up in a higher passing count, for instance, the Vietnam War. In addition, he contended they should be important for the military, carry weapons and apply to the guidelines of jus in bello. (Frowe (2011), Page 101-3). This proposes Frowe looks for a fair, simply battle between two members keeping away from non-warrior passings, yet couldn’t this prompt higher demise rate for soldiers, as the two sides have generally equivalent opportunity to win since both utilize comparable strategies? By and by, ostensibly Frowe will contend that soldier can legally kill one another, showing this is simply, which is likewise upheld by Vittola, who states: ‘it is legitimate to draw the blade and use it against villains (Begby et al (2006b), Page 309).’ moreover, Vittola communicates the degree of military strategies utilized, yet never arrives at a resolution regardless of whether it’s legal to continue these activities, as he continually tracked down a center ground, where it tends to be legal to do things like this however never consistently (Begby et al (2006b), Page 326-31). This is upheld by Frowe, who estimates the genuine strategies as per proportionality and military need. It relies upon the size of how much harm done to each other, to pass judgment on the activities after a conflict. For instance, one can’t just nuke the fear monger bunches all through the center east, since it isn’t just relative, it will harm the entire populace, a potentially negative side-effect. All the more critically, the fighters should have the right aim in the thing they will accomplish, forfeiting the expenses for their activities. For instance: if fighters have any desire to execute all detainees of war, they should do it for the right aim and for a worthy motivation, relative to the damage done to them. This is upheld by Vittola: ‘not generally legal to execute all soldiers… we should consider… size of the injury caused by the foe.’ This is additionally upheld by Frowe approach, which is significantly more upright than Vittola’s view yet infers similar plans: ‘can’t be rebuffed basically for battling.’ This implies one can’t just rebuff another on the grounds that they have been a warrior. They should be treated as empathetically as could really be expected. Nonetheless, the circumstance is raised in the event that killing them can prompt harmony and security, inside the interests, everything being equal. By and large, jus in bello recommends in wars, mischief must be utilized against warriors, never against the guiltless. Be that as it may, eventually, the point is to lay out harmony and security inside the ward. As Vittola

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