Tracy is unsure how much to charge for the cupcakes. When she was making the cupcakes by herself and only rented a small storefront that was only open on weekends, she calculated the cost per cupcake based on the cost of ingredients and she added 50% to that cost to cover all of her other expenses. She is not sure if that was accurate. Tracy has asked you to help her determine the cost per cupcake. She has given you her estimated total for each expense. She does not know how to allocate her overhead costs. She also knows that some of her costs are product costs and some are period costs. She has given you a list of costs and needs you to, first, determine which costs are period costs and which costs are product costs and, secondly, determine which are direct materials, direct labor, and factory overhead. She believes that the best cost driver for the factory overhead costs to be the number of cupcakes baked and sold. Your assignment is to calculate the cost per cupcake and present your findings in a 1 % page paper. Explain to Tracy the costs are product costs and the costs are period costs. She also needs to know which costs are direct materials and direct labor and how you allocated the factory overhead. Your paper can contain charts and other graphics you feel are helpful. wt 1 Job Order Costing 1 (3) Word P Search Mailings References A A Aa A-E-ENT Raw materials A-D-A--- Baker/wages Supervisor's salary Office personnel Trac/'s salary Salesman's salar/ Review Supplies Utilities (electric) View Here is her expected annual data: The first year she expects to sell 65,000 cupcakes. She will pay her supervisor a salary and her bakers an hourly wage. The person she hires to work in the office will receive salary and her salesman will earn a commission based on the number of cupcakes sold for special events. Expense Additional information Utilities (Gas) for ovens Water Repairs and maintenance Kent expense Telephone and internet O Bi Help Paragraph Cost behavior Variable: Variable Fixed Fixed Fixed Variable Variable Variable Variable Variable Fixed Fixed 5 Fixed AaBbCcD. AaBbCcD AaBbG AaBbCct AaB 1 Normal 1 No Spac. Heading 1 Heading 2 Title Estimated annual amount Styles $29,000 All are purchased as needed to avoid spoilage and to have the freshest ingredients $48,000 They do all of the baking $30,000 Supervisor does not do any baking $18,000 $35,000 She considers herself CEO $18,500 He is paid based on number of cupcakes sold to special events $1,500 All used in the bakery $2,500 85% is for the bakery and 15% is for the administrative office $1,500 All for bakery $600 All for bakery $2,300 All for bakery $12.000 80% is for the bakery and 20% is for the administrative office $1,200 All for administrative office Focus Breanna Ba 10 44