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Job Order Costing The Chocolate Chip Cookie Project Activity: Job Order Costing - The Chocolate Chip Cookie Project 1. Select a company name for your cookie company. 2. Determine job specifications: cookie quality, size, appearance, special features (types of chips, nuts) quantity, and packaging (See the quality standards information below) 3. Determine production tasks and feel free to enlist your family, friends or classmates in this project. If you enlist help, you may want to make team assignments (i.e., mixer, baker, timer, quality control, materials purchaser, accountant, marketer). 4. Select a recipe 5. Using Excel, develop job measurement document. (See information below) 6. Using Excel, develop job order cost card. (See information below) 7. Produce your product and complete the job measurement and job cost information 8. Take a picture of your final product and create a promotional piece for your product. (Create in Microsoft Office Word (.doc or docx) or Rich Text format (rtf.) 9. Evaluate results of your process, and final product. Determined your quality standards. (See information below). (Create your final evaluation results in a Microsoft Office Word (.doc or .docx) or Rich Text format (rtf.) for submission.) Job Measurement Document Criteria (Item 5 Above) Cost per cookie Number of cookies produced-number meeting specs + number rejected + number reworked + number sampled for quality control + unexplained differences Size of cookies before baking Size of cookies after baking Total throughput time-mix time + (bake time for one cookie sheet x number of cookie sheets processed) + packaging time + downtime + cleanup time . . Required Comments: . What is your cost per cookie? Calendar To Do Notifications 32 Inbox Required Comments: . . What is your cost per cookie? What measures did you use to effectively evaluate production performance? What measures did you find unnecessary? Why? . Job Order Costing - The Chocolate Chip Cookie Project . . Job Order Cost Card (Item 6 Above) Assume an overhead rate of S2 for every S1 of direct materials. Assign each production task an hourly rate or a monthly salary based on your perception of the job market for the task involved. Attempt to quantify actual overhead. List the types of costs that would go into your actual overhead Evaluate the $2 overhead rate for reasonableness, Reference text Job Order Costing chapter for Job Order Cost Card examples Promotional Piece (Item 8 Above) Create a flyer to promote your product. The flyer should include: . Your chosen company name Job specifications Dani Calendar To Do Notifications 32 Inbar Job Order Cost Card (Item 6 Above) . Assume an overhead rate of S2 for every S1 of direct materials. Assign each production task an hourly rate or a monthly salary based on your perception of the job market for the task involved. Attempt to quantify actual overhead. List the types of costs that would go into your actual overhead Evaluate the 52 overhead rate for reasonableness. Reference text Job Order Costing chapter for Job Order Cost Card examples Promotional Piece (Item 8 Above) Create a flyer to promote your product. The flyer should include: Your chosen company name Job specifications Recipe Job cost card A picture of your final cook product What makes your cookie better than the competition? Utilize your predetermined evaluation criteria in your promotion. Background: After presenting the basics of the job cost system and the concept of the product value chain, you will form your own "corporation" to produce cookies. Your corporation determines and collects the data and information needs of the company as you follow the total value chain of a product from idea generation to product design to material acquisition and handling to cookie production to packaging to distribution and to verification of customer satisfaction. In other words, your company formulates an original chocolate chip cookie product, manufacture it, and markets it to the class by creating a promotional piece. The first part of this page details the particulars of this assignment . 32 Calendar To Do Notification Job Order Costing The Chocolate Chip Cookie Project Activity: Job Order Costing - The Chocolate Chip Cookie Project 1. Select a company name for your cookie company. 2. Determine job specifications: cookie quality, size, appearance, special features (types of chips, nuts) quantity, and packaging (See the quality standards information below) 3. Determine production tasks and feel free to enlist your family, friends or classmates in this project. If you enlist help, you may want to make team assignments (i.e., mixer, baker, timer, quality control, materials purchaser, accountant, marketer). 4. Select a recipe 5. Using Excel, develop job measurement document. (See information below) 6. Using Excel, develop job order cost card. (See information below) 7. Produce your product and complete the job measurement and job cost information 8. Take a picture of your final product and create a promotional piece for your product. (Create in Microsoft Office Word (.doc or docx) or Rich Text format (rtf.) 9. Evaluate results of your process, and final product. Determined your quality standards. (See information below). (Create your final evaluation results in a Microsoft Office Word (.doc or .docx) or Rich Text format (rtf.) for submission.) Job Measurement Document Criteria (Item 5 Above) Cost per cookie Number of cookies produced-number meeting specs + number rejected + number reworked + number sampled for quality control + unexplained differences Size of cookies before baking Size of cookies after baking Total throughput time-mix time + (bake time for one cookie sheet x number of cookie sheets processed) + packaging time + downtime + cleanup time . . Required Comments: . What is your cost per cookie? Calendar To Do Notifications 32 Inbox Required Comments: . . What is your cost per cookie? What measures did you use to effectively evaluate production performance? What measures did you find unnecessary? Why? . Job Order Costing - The Chocolate Chip Cookie Project . . Job Order Cost Card (Item 6 Above) Assume an overhead rate of S2 for every S1 of direct materials. Assign each production task an hourly rate or a monthly salary based on your perception of the job market for the task involved. Attempt to quantify actual overhead. List the types of costs that would go into your actual overhead Evaluate the $2 overhead rate for reasonableness, Reference text Job Order Costing chapter for Job Order Cost Card examples Promotional Piece (Item 8 Above) Create a flyer to promote your product. The flyer should include: . Your chosen company name Job specifications Dani Calendar To Do Notifications 32 Inbar Job Order Cost Card (Item 6 Above) . Assume an overhead rate of S2 for every S1 of direct materials. Assign each production task an hourly rate or a monthly salary based on your perception of the job market for the task involved. Attempt to quantify actual overhead. List the types of costs that would go into your actual overhead Evaluate the 52 overhead rate for reasonableness. Reference text Job Order Costing chapter for Job Order Cost Card examples Promotional Piece (Item 8 Above) Create a flyer to promote your product. The flyer should include: Your chosen company name Job specifications Recipe Job cost card A picture of your final cook product What makes your cookie better than the competition? Utilize your predetermined evaluation criteria in your promotion. Background: After presenting the basics of the job cost system and the concept of the product value chain, you will form your own "corporation" to produce cookies. Your corporation determines and collects the data and information needs of the company as you follow the total value chain of a product from idea generation to product design to material acquisition and handling to cookie production to packaging to distribution and to verification of customer satisfaction. In other words, your company formulates an original chocolate chip cookie product, manufacture it, and markets it to the class by creating a promotional piece. The first part of this page details the particulars of this assignment . 32 Calendar To Do Notification
