Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Create a job cost sheet and break even analysis with followinf information provided on the pictures. ACC 318 - ORAL COMMUNICATION PORTFOLIO ASSIGNMENT Design a

Create a job cost sheet and break even analysis with followinf information provided on the pictures.
image text in transcribed
image text in transcribed
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. to Butterfingers Cake $1.71 Pillsbury Devil's Food Cake Mix(15 25oz) 2 Butterfinger bars 1.9oz each (Crushed UP) 2 Eggs - 2.18-$0.36 1 Tub of whipped topping 20oz 1 jar of caramel dessert 1 jar of hot fudge 11.5oz 1 can of sweet condensed Milk % Cup of olive oil $1.00 per bar 2 required- 2*1.00$2.00 $2.19 per carton. 12 in pack $.18 per egg $1.69 $1.79 $1.79 $1.19 $ 4.00(16 oz Jar/2 cups per jar), so $2.00per cup or $1.00 for cup S (11.52) per pan (what size pan) 15 servings per pan, so $0.77 per slice for materials $1.00 direct labor per 15 minutes So $4.00 dollars of direct labor per hour What direct labor cost per slice $1.10 of direct labor, so.09 per treat This maybe right but please recheck Total Direct Materials (1.71+2.00+0.36+1.69+1.79+1.79+ 1.19+1.00)=11.52 If it takes 60 minutes to make Allocated OH=$55,000/50,000 Total Cost Per Treat Breakeven Sales Price (Cost Plus 50%) Total cost per treat times 50% Variable Cost =DM + DL = Units Fixed Cost/Unit CM Units = $55,000/0 o DI W P

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions