Determine the costs and sales price of cookies

Assignment Help Managerial Accounting

Reference no: EM132705918

Question 1: Estimate and explain the costs per cookie based on job order costing

Question 2: Research the pricing for these top five ingredients: butter, sugar, vanilla, flour, chips/add-ins.

Manufacturing overhead is 30% of direct labor costs.
It will take two employees working two days to make 1,000 cookies.

Question 3: For process costing, you will examine the costs per 1,000 cookies looking at these top three processes (departments): Mixing, Add-ins, and Packaging.

The Mixing Department will be examined in depth.
Materials will be added at the beginning of the process.
The cookies will be in the Mixing Department for a total of eight hours; however, the cookies will only be 40% complete before they are transferred to the Add-ins Department. (Use this % for conversion costs.)

Question 4: Using the job-order costing system, determine the costs and sales price of your cookies.

Reference no: EM132705918

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