Question
p/s help me to do process costing account project to make 500 cupcakes. example is attached and the form to complete also. Thank you. prepare
p/s help me to do process costing account project to make 500 cupcakes. example is attached and the form to complete also. Thank you.
prepare a recipe or detailed cost chart of ALL raw materials and labor involved in the manufacture/service provision of 500 cupckes. seek and provide details on all the information pertaining to the basis of estimate. (Basis of Estimate is a tool used in the field of project management by which members of the project team, usually estimators, project managers, or cost analysts, calculate the total cost of the project.
Add in all expenses of a project, from labor to materials to administrative costs and other overhead. These calculations formulate a Basis of Estimate which is, when completed, a number that can be used to determine the ability of the firm or company to carry out the project, or used as a tool in competing for a contract bid or otherwise proposing the project to another
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Name of Product or Business:
| Cupcakes! | |
Description of Product or Business:
| Fancy, yummy cupcakes Recipe for 1500 decorated cupcakes. This is how many cupcakes our company makes each month (time period for this manufacturing statement). | |
Cost of Manufacturing
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Direct Materials | Include recipe, ingredients, amounts, cost for total recipe | |
Direct Labor | Include time used and personnel (people) and pay rate for each job involved in making cupcakes (scaling/measuring/mixing); baking/cooling; decorating; wrapping) | |
Overhead | Rent, utilities (specify each type and cost), insurance, depreciation (equipment, vehicles, etc.), other overhead items. | |
Total Manufacturing Costs | Total cost of making all 1500 cupcakes | |
Per Unit Cost: | Total cost of making ALL my cupcakes/1500 cupcakes = $X per cupcake | |
Break Even Point in Units Produced |
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Break Even Point in Sales Dollars |
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P/s help me to complete the table below.
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Name of Product or Business:
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Description of Product or Business:
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Cost of Manufacturing
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Direct Materials |
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Direct Labor |
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Overhead |
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Total Manufacturing Costs |
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Break Even Point in Units Produced |
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Break Even Point in Sales Dollars |
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