ACC 318 - ORAL COMMUNICATION PORTFOLIO ASSIGNMENT Design a product (examples: greeting card, baked good, protective mask, etc.) Describe the strategy behind your product design. How did strategy influence your design? (Ex - low-cost, innovative, high-quality, etc.) Produce a Job Cost Sheet. The sheet should include direct materials costs, direct labor costs, and allocated manufacturing overhead. Assume $1 of direct labor costs is incurred for every 15 minutes that is spent building the product. (ex- $4 per hour) Overhead is allocated on the basis of direct labor dollars. Estimated direct labor dollars for the year are $50,000. In addition, the estimated manufacturing overhead costs for the year are $55,000. Job Cost Sheet should have direct materials, direct labor, and overhead. Conduct a break even analysis. Assume that the selling price is calculated as cost plus a 50% markup. Actual fixed costs were $55,000. Design a PowerPoint presentation. o Introduction o Body o Conclusion Upload the slides and coversheet to Blackboard. 5 pts. 10 pts. 10 pts. Product Design Strategy Job Cost Sheet - Calculation/Clear Breakeven Calculation Correct/Clear Visual Aids -Grammar/Spelling Visual Aids - Eye catching (not boring) Visual Aids - Concise/To the Point Presentation - Overall Flow Professional Appearance Voice Quality Total 5 pts. 5 pts. 5 pts. 5 pts. 10 pts. 5 pts. 5 pts. 65 pts. An example is provided below. You cannot duplicate the example!!! Peanut Butter Rice Krispies Treats 6 cups of Rice Krispies $3.79 3 tablespoons of Butter $3.00 per Pkg. (4 sticks in Pkg.), so (3 X $0.09 = $0.27) $0.75 per stick, 8 tablespoons per stick, means $0.09 per tablespoon 22 Cup of Peanut Butter $2.29 (16 oz Jar/2 cups per jar), so $1.14 per cup or $0.57 for 1/2 cup 1 bag of miniature marshmallows $1.29 per package Total Direct Materials $5.92 per 9 X 13 pan, 12 servings per ($3.79 + $0.27 + $0.57 + $1.29) pan, so $0.49 per treat for materials If it takes 15 min to make $1.00 direct labor, so $0.12 per treat for direct labor Allocated OH = $55,000/50,000 $1.10 of direct labor, so .09 per treat Normal Total Cost Per Treat ($0.49 + $0.12 $0.70 per treat +$0.09) Breakeven Sales Price (Cost Plus 50%) ($0.70 +$0.35 = $1.05) Variable Cost = DM + DL = $0.49 + $0.12 = $0.61 Units = Fixed Cost/Unit CM 125,000 treats to breakeven Units = $55,000/($1.05-$0.61) ACC 318 - ORAL COMMUNICATION PORTFOLIO ASSIGNMENT Design a product (examples: greeting card, baked good, protective mask, etc.) Describe the strategy behind your product design. How did strategy influence your design? (Ex - low-cost, innovative, high-quality, etc.) Produce a Job Cost Sheet. The sheet should include direct materials costs, direct labor costs, and allocated manufacturing overhead. Assume $1 of direct labor costs is incurred for every 15 minutes that is spent building the product. (ex- $4 per hour) Overhead is allocated on the basis of direct labor dollars. Estimated direct labor dollars for the year are $50,000. In addition, the estimated manufacturing overhead costs for the year are $55,000. Job Cost Sheet should have direct materials, direct labor, and overhead. Conduct a break even analysis. Assume that the selling price is calculated as cost plus a 50% markup. Actual fixed costs were $55,000. Design a PowerPoint presentation. o Introduction o Body o Conclusion Upload the slides and coversheet to Blackboard. 5 pts. 10 pts. 10 pts. Product Design Strategy Job Cost Sheet - Calculation/Clear Breakeven Calculation Correct/Clear Visual Aids -Grammar/Spelling Visual Aids - Eye catching (not boring) Visual Aids - Concise/To the Point Presentation - Overall Flow Professional Appearance Voice Quality Total 5 pts. 5 pts. 5 pts. 5 pts. 10 pts. 5 pts. 5 pts. 65 pts. An example is provided below. You cannot duplicate the example!!! Peanut Butter Rice Krispies Treats 6 cups of Rice Krispies $3.79 3 tablespoons of Butter $3.00 per Pkg. (4 sticks in Pkg.), so (3 X $0.09 = $0.27) $0.75 per stick, 8 tablespoons per stick, means $0.09 per tablespoon 22 Cup of Peanut Butter $2.29 (16 oz Jar/2 cups per jar), so $1.14 per cup or $0.57 for 1/2 cup 1 bag of miniature marshmallows $1.29 per package Total Direct Materials $5.92 per 9 X 13 pan, 12 servings per ($3.79 + $0.27 + $0.57 + $1.29) pan, so $0.49 per treat for materials If it takes 15 min to make $1.00 direct labor, so $0.12 per treat for direct labor Allocated OH = $55,000/50,000 $1.10 of direct labor, so .09 per treat Normal Total Cost Per Treat ($0.49 + $0.12 $0.70 per treat +$0.09) Breakeven Sales Price (Cost Plus 50%) ($0.70 +$0.35 = $1.05) Variable Cost = DM + DL = $0.49 + $0.12 = $0.61 Units = Fixed Cost/Unit CM 125,000 treats to breakeven Units = $55,000/($1.05-$0.61)
