Hello, I am doing a job order costing project for accounting. I havent picked any specific numbers yet. I am just getting started on the project and watned to know what meeting specs are? If you could give me an example that would be great. Thank you

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Hello, I am doing a job order costing project for accounting. I havent picked any specific numbers yet. I am just getting started on the project and watned to know what meeting specs are? If you could give me an example that would be great. Thank you

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14 Sampled for Quality
15 Unexplained Differences
16 Total Number
17
18 Size of cookies:
19 Before baking
20 After baking
21
22 Throughput time:
23 Mix time
24 Bake time
25 Packaging time
26 Downtown
27 Cleanup time
28 Total Throughput time:
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Transcribed Image Text:ile 2 e Home Inser B11 Paste Calibri : | X ✓ fx 7 8 Cost per cookie: 9 10 Cookies produced: 11 Meeting specs 12 Rejected 13 Reworked B I U BIŲ ✓ A 5 Job Measurement Document 6 Undo Clipboard i USE ON MOBILE Open, analyze, and share your files on the go from anywhere. 14 Sampled for Quality 15 Unexplained Differences 16 Total Number 17 18 Size of cookies: 19 Before baking 20 After baking 21 22 Throughput time: 23 Mix time 24 Bake time 25 Packaging time 26 Downtown 27 Cleanup time 28 Total Throughput time: 84°F Sunny Ready Accessibility, Investigate ✓12 esc 田。 Font B A A A Minutes Number of Cookies $0.80 2 - Job Measurement Job Order Cost Card Sheet1 ab Wrap Text =====Merge & Center == 3 с + Alignment Scan QR code $ D Q · bake time for one cookie sheet x number of sheets processed 40 do % E 5 Is Custom F $ % 3 4. F & Num
Job Order Costing
The Chocolate Chip Cookie Project
Activity: Job Order Costing - The Chocolate Chip Cookie Project
I. 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. 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?
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
1
Transcribed Image Text:Job Order Costing The Chocolate Chip Cookie Project Activity: Job Order Costing - The Chocolate Chip Cookie Project I. 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. 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? 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 1
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