Week 3 - Aunt Connie's Cookies

Week 3 - Aunt Connie's Cookies - Aunt Connies Cookies 1...

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Aunt Connie’s Cookies 1 Aunt Connie’s Cookies Aunt Connie’s Cookies Simulation Tony Bertussi Dawn Lazetera Kim Love Bill Tremblay Jolynn Weeks University of Phoenix John Triplett ACC 561 March 23, 2011
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Aunt Connie’s Cookies 2 “Cost accounting is a subset of accounting that develops detailed information about costs as they relate to units of output and to departments, primarily for purposes of providing inventory valuation (product costing) for financial statements, control, and decision making” (Cousins). Using a cost accounting system can greatly increase productivity and profitability of an organization. This paper will review Aunt Connie’s Cookies, and how a cost accounting system could help their organization. Aunt Connie’s Cookies Aunt Connie’s Cookies was established in 1986. Aunt Connie enjoyed making cookies for many people. The host of an annual fundraiser approached Aunt Connie and wanted to purchase a batch of 500 cookies for $50 dollars. Instead, Aunt Connie offered the fundraising organization a deal of 600 cookies at the price of $55 dollars. The fundraising group was ecstatic about this offer, deeming it a great deal. This deal however was actually a great deal for both parties; Aunt Connie would also make a profit. Aunt Connie’s calculations showed that she would have a $20 dollar operating cost
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This note was uploaded on 07/18/2011 for the course ACC 561 taught by Professor Cole during the Spring '09 term at University of Phoenix.

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Week 3 - Aunt Connie's Cookies - Aunt Connies Cookies 1...

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