Instructions Business Process Costing For this assignment, you will explain managerial concepts as...

Question

Instructions

Business Process Costing

For this assignment, you will explain managerial concepts as they pertain to business process costing. You will select a business process, describe the inputs and outputs, and define the job roles. In your paper, you will evaluate the current process effectiveness, estimate the cost of the process, and propose any improvements for management’s consideration. Be sure you have reviewed the assigned chapters and required unit resources on business process management.

Instructions:

Consider a business process using a firm with which you are familiar. Business processes include the following tasks:

developing and managing products and services,
marketing and selling products and services,
managing customer service,
developing and managing human capital, and
managing information technology.

Once you have identified the firm and business process, select, describe, and discuss the business process by elaborating on the following information:

what starts and what ends the process (inputs and outputs),
what roles (jobs) participate in the process (map them),
the effectiveness of the current process,
the cost of the process (document any assumptions), and
any improvements for management consideration.

Your paper should be written in a Word document and should be a minimum of three pages in length. You should include at least two resources to support your paper. Adhere to APA Style when creating citations and references.

Tanmoy · Accepted Answer

Business Process Costing
Introduction
Process costing is a system used to manufacture a product for various departments and processes by accumulating the costs in the process of production on the way of its completion. In this discussion we will try to analyse on the process costing of chewing gum company ‘Wrigley’. In the business process costing it is the accountants who accumulates or gathers the costs for a specific period of time for each person or department. Then the accountant segregates the accumulated amount by the number of units which will be produced in the process of production.   
Analysis
Developing and managing products and services
Wrigley Company is a chewing gum company in United States and is a top branded company producing wide range of products like gum, chewy and hard candies, chocolates, mints and lollipops (Business English Material, 2018).  
Marketing and selling products and services
The marketing and selling of Wrigley Company products are by expending more on advertising. Wrigley Company works well with various distribution channels like drugs, discount stores, grocery and through mass distribution networks and retail channels. Therefore, Wrigley works with various retail partners in order to increase the sales and distribute its products.   
Managing customer service
Wrigley manages its customers by delivering various high quality and innovative products from baking powder to soaps to mints, gums and hard chewy candies and lollipops for over a period of 100 years. It focuses on expanded products and innovative products with steady focus towards the customers.
Developing and managing human capital
There are more than 16000 employees working with Wrigley. It sells its products presently in more than 180 countries and districts worldwide.

Instructions Business Process Costing For this assignment, you will explain managerial concepts as they pertain to business process costing. You will select a business process, describe the inputs and...

Instructions

Business Process Costing

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