ACC - AUNT CONNIES COOKIES 1 Aunt Connies Cookies Fred...

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AUNT CONNIE’S COOKIES 1 Aunt Connie’s Cookies Fred Johnson ACC/561 May 25, 2010 Dr. Gary Bell
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AUNT CONNIE’S COOKIES 2 Aunt Connie’s Cookies Aunt Connie’s Cookies (ACC) is a cookie manufacturing company that is currently faced with different opportunities with expanding production. The information from the financial statements can assist the CFO with making these difficult decisions. The analysis from a cost accounting system can also help the CFO effectively maximize the contribution margin and operating income for the firm. A cost accounting system is “the techniques used to determine the cost of a product, service, customer, or other object” (Horngren, Sundern, Stratton, Burgstahler, & Schatzberg, 2008, p. 137). Generally, there is two parts of a “cost accounting system: cost accumulation, collecting cost by some natural classification, and cost assignment, attaching cost to one or more cost objects” (Horngren et al., 2008, p. 138). The components of product cost are the direct materials purchased, direct labor, and indirect
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This note was uploaded on 04/14/2011 for the course ACC 561 taught by Professor Cole during the Spring '09 term at University of Phoenix.

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ACC - AUNT CONNIES COOKIES 1 Aunt Connies Cookies Fred...

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