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 **Job Measurement Document Transcription**---**Cost per cookie:**- $0.80**Cookies produced:**| Description | Number of Cookies ||-------------------------------|-------------------|| Meeting specs | || Rejected | || Reworked | || Sampled for Quality | || Unexplained Differences | || **Total Number** | |**Size of cookies:**- Before baking- After baking**Throughput time:**| Task | Minutes ||-------------------------|------------------------------------------------------|| Mix time | || Bake time | bake time for one cookie sheet × number of sheets processed || Packaging time | || Downtime | || Cleanup time | || **Total Throughput time:** | |---This document outlines the measurement metrics for cookie production. It includes sections for cost, production metrics, cookie sizes before and after baking, and throughput time for various tasks involved in the production process. **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?- What measures did you use to effectively evaluate production performance?- What measures did you find unnecessary? Why?---This project focuses on understanding and applying job order costing principles in a practical scenario involving cookie production. Participants will manage different aspects of production, evaluation, and marketing, enhancing their practical skills and knowledge in operations management and cost analysis.

The question is related to job order costing and the student is asking about the meaning of a…

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

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

Section: Chapter Questions

Problem 1Q

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**Job Measurement Document Transcription**

---

**Cost per cookie:**
- $0.80

**Cookies produced:**

| Description | Number of Cookies |
|-------------------------------|-------------------|
| Meeting specs | |
| Rejected | |
| Reworked | |
| Sampled for Quality | |
| Unexplained Differences | |
| **Total Number** | |

**Size of cookies:**
- Before baking
- After baking

**Throughput time:**

| Task | Minutes |
|-------------------------|------------------------------------------------------|
| Mix time | |
| Bake time | bake time for one cookie sheet × number of sheets processed |
| Packaging time | |
| Downtime | |
| Cleanup time | |
| **Total Throughput time:** | |

---

This document outlines the measurement metrics for cookie production. It includes sections for cost, production metrics, cookie sizes before and after baking, and throughput time for various tasks involved in the production process.

**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?
- What measures did you use to effectively evaluate production performance?
- What measures did you find unnecessary? Why?

---

This project focuses on understanding and applying job order costing principles in a practical scenario involving cookie production. Participants will manage different aspects of production, evaluation, and marketing, enhancing their practical skills and knowledge in operations management and cost analysis.

Definition Definition Accounting technique that tracks the costs of materials, labor, and overhead for a particular job. The main purpose of job costing is to determine the profit or loss for each job. Repetitive work or poorly allocated employees can be addressed for the upcoming project through job costing.

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