Here is the synopsis of our sample research paper on AUNT CONNIE'S COOKIES AND COST ACCOUNTING SYSTEMS. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 3-page paper explains what cost accounting systems are and how they can be used to determine costs of producing a product. Bibliography lists 1 source.
Page Count:
3 pages (~225 words per page)
File: AS43_MTauntconn.rtf
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Unformatted sample text from the term paper:
up launching a business because friends at her club and annual fund-raiser liked her cookies enough to pay money for them. A couple of generations later, Aunt Connies Cookies are
known for yummy lemon cr?me and real mint cookies. The products are sold throughout the east and Midwest. Maria Villanueva, Connie Rochas grand-niece and CEO of the family owned business.
Villanueva has appointed a COO to examine the firms contribution margin and operating profits. The question well attempt to answer in this paper is how Aunt Connies Cookies, the company,
can use cost accounting systems to best determine its product costs. To answer this, lets first discuss what, exactly, a cost accounting system
is. Cost accounting is an activity, and system, that allows an organization to record and report measures of the costs of either manufacturing goods or performing services (Cost Accounting, 2010).
Cost accounting systems report information in aggregate and detail, and include methods for allocating, aggregating, classifying and reporting actual costs, as well as comparing them with standard costs (Cost Accounting,
2010). Determining a cost per unit to provide a product or service is a necessity when it comes to pricing a particular product (or service) (Cost Accounting, 2010). Furthermore, cost
of goods sold - in other words, the cost for manufacturing the product or preparing a service - are necessary items on a balance sheet or income statement (Cost Accounting,
2010). Beyond this definition, there is a variety of cost accounting systems in use, ranging from direct costing, to activity based costing, to process costing, and so on.
One thing we already know on the surface is that price increases on the lemon cr?me and mint cookies have led to decreased volumes
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