A332/ACG3357 Forming a cookie company

Anonymous
timer Asked: Feb 22nd, 2019
account_balance_wallet $40

Question Description

For your course project, you will be operating a cookie company, making costing decisions, and performing analysis.

This Week, you will prepare a mission statement; set strategic, tactical, and operating objectives; decide on a company name; set cookie specifications, and decide on a cookie recipe. Additionally, you will calculate a standard cost per cookie and decide on an accounting system.

Deliverables:

Develop a Microsoft PowerPoint presentation which concisely presents the following information regarding your cookie company:

  1. Consider the company's mission. Will you focus on quality, volume, or satisfying a niche? Will you sell using a traditional brick & mortar storefront or through eCommerce? Who is your target market? What are your expansion plans? What will be your main products? Where will you operate?
  2. Write a mission statement for your company that reflects the decisions you made in the previous step.
  3. Based on your company's mission, describe the long-range goals, strategies, and objectives that your company will pursue. Will you increase sales a certain percent each year, increase the number of stores, co-brand with another product, etc.
  4. Decide upon a company name.
  5. Determine cookie specifications: size, color, key ingredients, appearance, quantity and packaging.
  6. Develop a recipe that fits with your mission, goals, and specifications.
  7. Create a job cost card for your cookie recipe and calculate cost per cookie. Assume overhead is allocated at a rate of $2 for every $1 of labor cost.
  8. List some of the costs you will include in overhead.
  9. Will you use a job order or process accounting system? Why?
  10. Include a diagram showing the flow of costs through your chosen system.

Tutor Answer

TutorLarra
School: UIUC

Attached.

Forming a Company
Name
Institutional Affiliation

Introduction
▪ The discussion will focus on establishing a cookie
company. The company has to operate in a

particular locality. The new business needs to
come up with a recipe and cookie specifications.
It also needs to decide on a costing system. The
business has to defend the choice of location and
prove that the business concept will offer tangible
returns in the long run. The business has to
identify the overhead costs and come up with a
flow chart to indicate the movement of costs in
the business.

COMPANY NAME
Halls Cookies
• Halls Cookies will major in the sale of organic and
healthy cookies through office and home deliveries.
• The company intends to take advantage of the
increased demand for organic food stuffs through the
use of organic ingredients (Mazzacano & Falzon,
2015)
• The company will be located in the busy New York
City.

Company’s Mission
Focus
▪ Halls Cookies will focus on satisfying the market
niche.
▪ Halls Cookies will look to provide organic and
healthy cookies to the residents of New York.
Sale Platform and Target Market
▪ The target market for Halls Cookies will be New York
residents.
▪ The co...

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Review

Anonymous
Thanks, good work

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