Kristen’s Cookie Company Case Study Discussion - Business Finance
Please read thoroughly the case study Kristen’s Cookie Company and answer the following questions below. NOTE: please assume a labor rate of $12/hr in your calculations.How long will it take you to fill a rush order?How many orders can you fill in a night, assuming you are open four hours each night?How much of your own and your roommates valuable time will it take to fill each order?Because your baking trays can hold exactly one dozen cookies, you will produce and sell cookies by the dozen. Should you give any discount for people who order two dozen cookies, three dozen cookies, or more? If so, how much? Will it take you longer to fill a two-dozen cookie order than a one-dozen cookie order - and how does the level of effort compare?
kristen_cookies.docx
post_1.xlsx
post_2.docx
Unformatted Attachment Preview
Kristen’s Cookie Company
•
You and your roommate are preparing to start Kristens Cookie
Company in your on-campus apartment. The company will
provide fresh cookies to starving students late at night. You
need to evaluate the preliminary design for the companys
production process to figure out many variables, including what
prices to charge, whether you will be able to make a profit, and
how many orders to accept.
BUSINESS CONCEPT
Your idea is to bake fresh cookies to order, using any
combination of ingredients that the buyer wants. The cookies
will be ready for pickup at your apartment within an hour.
Several factors will set you apart from competing products such
as store-bought cookies. First, your cookies will be completely
fresh. You will not bake any cookies before receiving the order;
therefore, the buyer will be getting cookies that are literally hot
out of the oven.
Second, like Steves Ice Cream,7 you will have a variety of
ingredients available to add to the basic dough, including
chocolate chips, M&Ms, chopped Heath bars, coconut,
walnuts, and raisins. Buyers will telephone in their orders and
specify which of these ingredients they want in their cookies.
You guarantee completely fresh cookies. In short, you will have
the freshest, most exotic cookies anywhere, available right on
campus.
THE PRODUCTION PROCESS
Baking cookies is simple: mix all the ingredients in a food
processor; spoon out the cookie dough onto a tray; put the
cookies into the oven; bake them; take the tray of cookies out
of the oven; let the cookies cool; and, finally, take the cookies
off the tray and carefully pack them in a box. You and your
roommate already own all the necessary capital equipment:
one food processor, cookie trays, and spoons. Your apartment
has a small oven that will hold one tray at a time. Your landlord
pays for all the electricity. The variable costs, therefore, are
merely the cost of the ingredients (estimated to be
$0.60/dozen), the cost of the box in which the cookies are
packed ($0.10 per box; each box holds a dozen cookies), and
your time (what value do you place on your time?).
A detailed examination of the production process, which
specifies how long each of the steps will take, follows. The first
step is to take an order, which your roommate has figured out
how to do quickly and with 100 percent accuracy. (Actually, you
and your roommate devised a method using the campus
electronic mail system to accept orders and to inform
customers when their orders will be ready for pickup. Because
this runs automatically on your personal computer, it does not
take any of your time.) Therefore, this step will be ignored in
further analysis.
You and your roommate have timed the necessary physical
operations. The first physical production step is to wash out the
mixing bowl from the previous batch, add all of the ingredients,
and mix them in your food processor. The mixing bowls hold
ingredients for up to 3 dozen cookies. You then dish up the
cookies, one dozen at a time, onto a cookie tray. These
activities take six minutes for the washing and mixing steps,
regardless of how many cookies are being made in the batch.
That is, to mix enough dough and ingredients for two dozen
cookies takes the same six minutes as one dozen cookies.
However, dishing up the cookies onto the tray takes two
minutes per tray.
The next step, performed by your roommate, is to put the
cookies in the oven and set the thermostat and timer, which
takes about one minute. The cookies bake for the next nine
minutes. So total baking time is 10 minutes, during the first
minute of which your roommate is busy setting the oven.
Because the oven holds only one tray, a second dozen takes
an additional 10 minutes to bake.
Your roommate also performs the last steps of the process by
first removing the cookies from the oven and putting them
aside to cool for 5 minutes, then carefully packing them in a
box and accepting payment. Removing the cookies from the
oven takes only a negligible amount of time, but it must be
done promptly. It takes two minutes to pack each dozen and
about one minute to accept payment for the order.
That is the process for producing cookies by the dozen in
Kristens Cookie Company. As experienced bakers know, a few
simplifications were made in the actual cookie production
process. For example, the first batch of cookies for the night
requires preheating the oven. However, such complexities will
be put aside for now. Begin your analysis by developing a
process flow diagram of the cookie-making process.
KEY QUESTIONS TO ANSWER BEFORE YOU LAUNCH
THE BUSINESS
To launch the business, you need to set prices and rules for
accepting orders. Some issues will be resolved only after you
get started and try out different ways of producing the cookies.
Before you start, however, you at least want a preliminary plan,
with as much as possible specified, so that you can do a
careful calculation of how much time you will have to devote to
this business each night, and how much money you can expect
to make. For example, when you conduct a market survey to
determine the likely demand, you will want to specify exactly
what your order policies will be. Therefore, answering the
attached operational questions should help you:
Kristens Cookie Company
Variables Provided:
Labor $12/hour or .20/minute
Shift 4 hours/night
Cookies are produced by the dozen
Variable costs are .70 per dozen (.60 for ingredients and .10 for box)
Process Flow as Follows:
Step
Clean bowls and mix ingredients
Place dough on tray
Place cookies in oven and set timer
Bake cookies
Cool cookies
Pack cookies
Accept payment
Time (minutes)
6
2
1
9
5
2
1
Total Time for Full Process
26
Question #1: How long will it take to fill a rush order?
The minimum time to fill an order is 26 minutes. The limitation is the availability of the oven. If a rush order was received, i
cookies that went into the oven right before the order was started, there could be a wait time of 2 minutes for the oven. Thi
Question#2: How many orders can you fill in a night, assuming you are open four hours each night?
The limiting factor (bottleneck) in the process is the baking time (10 minutes including setting the oven thermostat, timer, pla
but the next batch can be started while the baking process is occurring. If they are working 4 hours per night, there is a total
from the previous batchs baking process. After the initial batch processing time of 18 minutes (through baking), a batch can
Orders after initial batch: (240 minutes (total time)- 18 minutes (initial batch start-up)-8 minutes (final batch completion))/10
We have to add 1 to this to account for the initial batch so maximum orders per night is 22.4 or 22 (assuming no partial orde
Question #3: How much of your own and your roommates valuable time will it take to fill each order?
From the chart above, my time is 6+2= 8 minutes. My roommates time is 1+2+1= 4 minutes. Total work time is 12 minutes
Question #4: Should a discount be given for people who order more cookies? Will it take longer to fill a two-dozen cookie
As can be seen from the chart above, the only steps that can account for a quantity higher than one dozen are the first and la
Also, the mixer holds a maximum of ingredients for 3 dozen cookies so cost is not reduced incrementally for quantities larger
From a cost perspective, the below chart outlines the potential savings for higher quantity orders of the same cookie flavor:
Quantity
Variable Cost
Labor Minutes
Labor Cost (.20 per minute)
Total Cost per Dozen
1 dozen
2 dozen
3 dozen
$0.70
$1.40
$2.10
12
17
22
$2.40
$3.40
$4.40
$3.10
$2.40
$2.17
The question of how much discount to offer is a judgment call. Given the above percentages, I would probably offer a 10\% d
It will take you longer to fill a two-dozen cookie order than a one dozen cookie order as only one dozen cookies can be baked
versus making the same quantity but with different flavors.
There are many variables that may determine whether or not a discount is offered. One might be demand. If your maximum
However, if business is slow or you are trying to build repeat patronage, you may want to offer a discount. You may also wan
There may also be value in having some extra time between batches. Perhaps this reduces the likelihood of error or allows
With any new business, there will be some degree of trial and error in determining what optimizes sales and profit.
nd .10 for box)
Max Output
Person Handling
3 dozen
You
1 dozen
You
1 dozen
Roommate
1 dozen
N/A
1 dozen
N/A
1 dozen
Roommate
3 dozen
Roommate
rush order was received, it could be prepped for baking in 8 minutes. However, if there was a batch of
minutes for the oven. This means a rush order could take up to 28 minutes.
oven thermostat, timer, placing the cookies in the oven, and baking), and the fact that only one dozen cookies can bake at a time. The fir
s per night, there is a total of 240 minutes of work time.
Once you prep the dough and give it to your roommate, you ca
rough baking), a batch can be produced every 10 minutes. Its important to keep in mind that the last batch will also need the final steps
inal batch completion))/10 minute limiting factor (bottleneck)= 21.4.
(assuming no partial orders). This also assumes that each order is one dozen cookies.
al work time is 12 minutes per dozen.
The exception to this is explained in question 4, but it should be assumed that the tim
to fill a two-dozen cookie order than a one dozen cookie order?
e dozen are the first and last steps. A critical determinant of savings in step one is whether or not the customer is ordering the same flav
entally for quantities larger than 3 dozen.
of the same cookie flavor:
\% Difference
N/A
22.58\%
30.11\%
uld probably offer a 10\% discount for two dozen of the same flavor and 15\% for three dozen.
ozen cookies can be baked at a time (limiting factor). However, there is still a labor savings when comparing the effort to make two or th
demand. If your maximum number of cookies per night is 22 dozen and you can easily sell that many, you may not want to offer a discou
iscount. You may also want to offer a discount if you have excess ingredients that may go to waste if you dont use them soon.
kelihood of error or allows more time to interact with the customer to provide an exceptional experience.
sales and profit.
How long will it take you to fill a rush order?
First, it is important to understand the breakdown of the process. According to the production
process layout, the electric mixer has the capacity to hold and mix up to 3 dozen cookies
additionally taking orders using the campus electronic mail system is timeless. Washing bowls
and mixing ingredients takes 6 minutes, dishing the cookies onto the tray takes 2 minutes per
tray, heating the oven and putting the cookies in takes 1 minute, baking the cookies in the oven
takes 9 minutes, taking the cookies out and letting them cool takes 5 minutes, finally it takes 2
minutes to pack each dozen and 1 minute to accept payment. Considering this timeline, it takes
an average of 26 minutes (throughput time) to fill an order of one dozen. The potential quantity
of the system is based on the output of the bottleneck, in this case the oven. Reading through the
production process layout, we can conclude that the cycle time is 10 minutes long. So, the oven
can process 6 dozen orders per hour, 60 minutes/10 minutes = 6, assuming one-dozen order
sizes.
How many orders can you fill in a night, assuming you are open four hours each night?
Considering the cycle time is 10 minutes, one would assume the order capacity in a four-hour
shift is 24 dozen cookies, 60 minutes/10 minutes = 6 and 6*4 = 24. However, looking at the
production process layout, there is a startup time of 8 minutes and a cleanup time of 8 minutes
which should be deducted from the 4 hours, 4*60minutes = 240 minutes – 16 minutes = 224
minutes. Thus, the available processing time is 3.73 hours, 224 minutes/60minutes = 3.73 hours.
This means in a four-hour shift approximately 22.4 dozen cookies can be produced per night,
6*3.73=22.4.
How much of your own and your roommates valuable time will it take to fill each order?
Reviewing the production process layout, it would take me 8 minutes to fill each order, 6
minutes to wash out bowls and mix the ingredients and an additional 2 minutes to dish out the
cookies onto each tray. Additionally, it would take my roommate 4 minutes to fill each order, 1
minute to heat the oven, 0 minutes to remove cookies from oven, 2 minutes to package up the
cookies and 1 minute to except payment.
Because your baking trays can hold exactly one dozen cookies, you will produce and sell
cookies by the dozen. Should you give any discount for people who order two dozen
cookies, three dozen cookies, or more? If so, how much? Will it take you longer to fill a
two-dozen cookie order than a one-dozen cookie order - and how does the level of effort
compare?
First, we must figure out how much labor time it would take to fill an order of 1, 2 and 3 dozen
cookies. As previously stated, it would take me 8 minutes and my roommate 4 minutes to fill an
order of one dozen cookies, which would mean a total labor time of 12 minutes for me and my
roommate. For an order of 2 dozen it would take 6 minutes to mix, 4 minutes to dish out the
cookies on the tray (2 minutes per dozen), 2 minutes to heat the oven (1 minutes per dozen), 4
minutes to package up the cookies (2 minutes per dozen) and 1 minute to except the payment.
This means it takes a total of 17 minutes to complete an order of 2 dozen. Similarly, for an order
of 3 dozen it would take 6 minutes to mix, 6 minutes to dish out the cookies on the tray (2
minutes per dozen), 3 minutes to heat the oven (1 minutes per dozen), 6 minutes to package up
the cookies (2 minutes per dozen) and 1 minute to except the payment, which gives us a total
time of 22 minutes to complete an order of 3 dozen cookies.
Now that we know how much labor time it will take to fill an order of 1, 2, and 3 dozen cookies,
we can calculate the production cost, production cost = material cost + labor cost. Material cost
is $0.70 per dozen, $0.60 for ingredients + $0.10 for the box. Assuming a labor rate of $12 per
hour or $0.20 per minute (12/60 minutes=0.2), we can calculate the production cost for 1 dozen
as $0.70+(0.20*12 minutes)=$3.10. The production cost for 2 dozen is $4.80,
($0.70*2)+(0.20*17 minutes), and production cost for 3 dozen is $6.50, ($0.70*3)+(0.20*22
minutes).
Looking at the above calculations, it would be a good idea to offer a discount on orders of 2 or 3
dozen. This is because it takes less time to make the second and third batch of cookies because
the ingredients are already mixed, as previously mentioned the mixing bowls hold ingredients for
up to 3 dozen cookies. The ingredients would have to be mixed again for an order of 4 dozen
which would require more time and labor to complete the order. Given this, a discount should
not be offered for orders more than 3 dozen. To calculate how much of a discount should be
applied for an order of 2 or 3 dozen, we must first find the total time it takes to fill an order of 2
or 3 dozen. If it takes 26 minutes to fill an order of 1 dozen, then it takes 45 minutes to complete
an order of 2 dozen: 6 minutes to mix, 4 minutes to dish out the cookies on the tray (2 minutes
per dozen), 2 minutes to heat the oven (1 minutes per dozen), 18 minutes to bake (9 minutes per
dozen), 10 minutes to cool (5 minutes per dozen), 4 minutes to package up the cookies (2
minutes per dozen) and 1 minute to except the payment. To complete an order of 3 dozen it
would take a total of 64 minutes: 6 minutes to mix, 6 minutes to dish out the cookies on the tray
(2 minutes per dozen), 3 minutes to heat the oven (1 minutes per dozen), 27 minutes to bake (9
minutes per dozen), 15 minutes to cool (5 minutes per dozen), 6 minutes to package up the
cookies (2 minutes per dozen) and 1 minute to except the payment. The time saved on an order
of 2 dozen is 7 minutes, (26*2)-45=7 minutes or approximately 15\% and the time saved on a
order of 3 dozen is 14 minutes, (26*3)-64=14 minutes or approximately 22\%. Given this
information, the maximum discount that can be offered for an order of 2 dozen is 15\% and 22\%
for an order of 3 dozen. For rush order, you would not be able to fill other orders as quickly so
you should be charging a premium when these orders come in.
...
Purchase answer to see full
attachment
CATEGORIES
Economics
Nursing
Applied Sciences
Psychology
Science
Management
Computer Science
Human Resource Management
Accounting
Information Systems
English
Anatomy
Operations Management
Sociology
Literature
Education
Business & Finance
Marketing
Engineering
Statistics
Biology
Political Science
Reading
History
Financial markets
Philosophy
Mathematics
Law
Criminal
Architecture and Design
Government
Social Science
World history
Chemistry
Humanities
Business Finance
Writing
Programming
Telecommunications Engineering
Geography
Physics
Spanish
ach
e. Embedded Entrepreneurship
f. Three Social Entrepreneurship Models
g. Social-Founder Identity
h. Micros-enterprise Development
Outcomes
Subset 2. Indigenous Entrepreneurship Approaches (Outside of Canada)
a. Indigenous Australian Entrepreneurs Exami
Calculus
(people influence of
others) processes that you perceived occurs in this specific Institution Select one of the forms of stratification highlighted (focus on inter the intersectionalities
of these three) to reflect and analyze the potential ways these (
American history
Pharmacology
Ancient history
. Also
Numerical analysis
Environmental science
Electrical Engineering
Precalculus
Physiology
Civil Engineering
Electronic Engineering
ness Horizons
Algebra
Geology
Physical chemistry
nt
When considering both O
lassrooms
Civil
Probability
ions
Identify a specific consumer product that you or your family have used for quite some time. This might be a branded smartphone (if you have used several versions over the years)
or the court to consider in its deliberations. Locard’s exchange principle argues that during the commission of a crime
Chemical Engineering
Ecology
aragraphs (meaning 25 sentences or more). Your assignment may be more than 5 paragraphs but not less.
INSTRUCTIONS:
To access the FNU Online Library for journals and articles you can go the FNU library link here:
https://www.fnu.edu/library/
In order to
n that draws upon the theoretical reading to explain and contextualize the design choices. Be sure to directly quote or paraphrase the reading
ce to the vaccine. Your campaign must educate and inform the audience on the benefits but also create for safe and open dialogue. A key metric of your campaign will be the direct increase in numbers.
Key outcomes: The approach that you take must be clear
Mechanical Engineering
Organic chemistry
Geometry
nment
Topic
You will need to pick one topic for your project (5 pts)
Literature search
You will need to perform a literature search for your topic
Geophysics
you been involved with a company doing a redesign of business processes
Communication on Customer Relations. Discuss how two-way communication on social media channels impacts businesses both positively and negatively. Provide any personal examples from your experience
od pressure and hypertension via a community-wide intervention that targets the problem across the lifespan (i.e. includes all ages).
Develop a community-wide intervention to reduce elevated blood pressure and hypertension in the State of Alabama that in
in body of the report
Conclusions
References (8 References Minimum)
*** Words count = 2000 words.
*** In-Text Citations and References using Harvard style.
*** In Task section I’ve chose (Economic issues in overseas contracting)"
Electromagnetism
w or quality improvement; it was just all part of good nursing care. The goal for quality improvement is to monitor patient outcomes using statistics for comparison to standards of care for different diseases
e a 1 to 2 slide Microsoft PowerPoint presentation on the different models of case management. Include speaker notes... .....Describe three different models of case management.
visual representations of information. They can include numbers
SSAY
ame workbook for all 3 milestones. You do not need to download a new copy for Milestones 2 or 3. When you submit Milestone 3
pages):
Provide a description of an existing intervention in Canada
making the appropriate buying decisions in an ethical and professional manner.
Topic: Purchasing and Technology
You read about blockchain ledger technology. Now do some additional research out on the Internet and share your URL with the rest of the class
be aware of which features their competitors are opting to include so the product development teams can design similar or enhanced features to attract more of the market. The more unique
low (The Top Health Industry Trends to Watch in 2015) to assist you with this discussion.
https://youtu.be/fRym_jyuBc0
Next year the $2.8 trillion U.S. healthcare industry will finally begin to look and feel more like the rest of the business wo
evidence-based primary care curriculum. Throughout your nurse practitioner program
Vignette
Understanding Gender Fluidity
Providing Inclusive Quality Care
Affirming Clinical Encounters
Conclusion
References
Nurse Practitioner Knowledge
Mechanics
and word limit is unit as a guide only.
The assessment may be re-attempted on two further occasions (maximum three attempts in total). All assessments must be resubmitted 3 days within receiving your unsatisfactory grade. You must clearly indicate “Re-su
Trigonometry
Article writing
Other
5. June 29
After the components sending to the manufacturing house
1. In 1972 the Furman v. Georgia case resulted in a decision that would put action into motion. Furman was originally sentenced to death because of a murder he committed in Georgia but the court debated whether or not this was a violation of his 8th amend
One of the first conflicts that would need to be investigated would be whether the human service professional followed the responsibility to client ethical standard. While developing a relationship with client it is important to clarify that if danger or
Ethical behavior is a critical topic in the workplace because the impact of it can make or break a business
No matter which type of health care organization
With a direct sale
During the pandemic
Computers are being used to monitor the spread of outbreaks in different areas of the world and with this record
3. Furman v. Georgia is a U.S Supreme Court case that resolves around the Eighth Amendments ban on cruel and unsual punishment in death penalty cases. The Furman v. Georgia case was based on Furman being convicted of murder in Georgia. Furman was caught i
One major ethical conflict that may arise in my investigation is the Responsibility to Client in both Standard 3 and Standard 4 of the Ethical Standards for Human Service Professionals (2015). Making sure we do not disclose information without consent ev
4. Identify two examples of real world problems that you have observed in your personal
Summary & Evaluation: Reference & 188. Academic Search Ultimate
Ethics
We can mention at least one example of how the violation of ethical standards can be prevented. Many organizations promote ethical self-regulation by creating moral codes to help direct their business activities
*DDB is used for the first three years
For example
The inbound logistics for William Instrument refer to purchase components from various electronic firms. During the purchase process William need to consider the quality and price of the components. In this case
4. A U.S. Supreme Court case known as Furman v. Georgia (1972) is a landmark case that involved Eighth Amendment’s ban of unusual and cruel punishment in death penalty cases (Furman v. Georgia (1972)
With covid coming into place
In my opinion
with
Not necessarily all home buyers are the same! When you choose to work with we buy ugly houses Baltimore & nationwide USA
The ability to view ourselves from an unbiased perspective allows us to critically assess our personal strengths and weaknesses. This is an important step in the process of finding the right resources for our personal learning style. Ego and pride can be
· By Day 1 of this week
While you must form your answers to the questions below from our assigned reading material
CliftonLarsonAllen LLP (2013)
5 The family dynamic is awkward at first since the most outgoing and straight forward person in the family in Linda
Urien
The most important benefit of my statistical analysis would be the accuracy with which I interpret the data. The greatest obstacle
From a similar but larger point of view
4 In order to get the entire family to come back for another session I would suggest coming in on a day the restaurant is not open
When seeking to identify a patient’s health condition
After viewing the you tube videos on prayer
Your paper must be at least two pages in length (not counting the title and reference pages)
The word assimilate is negative to me. I believe everyone should learn about a country that they are going to live in. It doesnt mean that they have to believe that everything in America is better than where they came from. It means that they care enough
Data collection
Single Subject Chris is a social worker in a geriatric case management program located in a midsize Northeastern town. She has an MSW and is part of a team of case managers that likes to continuously improve on its practice. The team is currently using an
I would start off with Linda on repeating her options for the child and going over what she is feeling with each option. I would want to find out what she is afraid of. I would avoid asking her any “why” questions because I want her to be in the here an
Summarize the advantages and disadvantages of using an Internet site as means of collecting data for psychological research (Comp 2.1) 25.0\% Summarization of the advantages and disadvantages of using an Internet site as means of collecting data for psych
Identify the type of research used in a chosen study
Compose a 1
Optics
effect relationship becomes more difficult—as the researcher cannot enact total control of another person even in an experimental environment. Social workers serve clients in highly complex real-world environments. Clients often implement recommended inte
I think knowing more about you will allow you to be able to choose the right resources
Be 4 pages in length
soft MB-920 dumps review and documentation and high-quality listing pdf MB-920 braindumps also recommended and approved by Microsoft experts. The practical test
g
One thing you will need to do in college is learn how to find and use references. References support your ideas. College-level work must be supported by research. You are expected to do that for this paper. You will research
Elaborate on any potential confounds or ethical concerns while participating in the psychological study 20.0\% Elaboration on any potential confounds or ethical concerns while participating in the psychological study is missing. Elaboration on any potenti
3 The first thing I would do in the family’s first session is develop a genogram of the family to get an idea of all the individuals who play a major role in Linda’s life. After establishing where each member is in relation to the family
A Health in All Policies approach
Note: The requirements outlined below correspond to the grading criteria in the scoring guide. At a minimum
Chen
Read Connecting Communities and Complexity: A Case Study in Creating the Conditions for Transformational Change
Read Reflections on Cultural Humility
Read A Basic Guide to ABCD Community Organizing
Use the bolded black section and sub-section titles below to organize your paper. For each section
Losinski forwarded the article on a priority basis to Mary Scott
Losinksi wanted details on use of the ED at CGH. He asked the administrative resident