INSTRUCTIONS The goal of this activity is to "manufacture\" and account for the building of a custom toy bear using job order costing. ASSUMPTION: Note that we will use the BuildaBear website. We are assuming that the prices shown are COSTS for our manufacturing company, NOT SET UP 1 Each team member will have one of the follo in - - I I ' Insert student name The supervisor coordinates the manufacturing of the job. The supervisor ensures operations are running SUPEWISDI' here smoothly and that all team members are participating. The supervisor approves the documents and helps the _rou - ur' nare the 'ob cost sheet. Client (*If your group has more than 4 people, everyone else will be the client. Selects the product choices on the Build-aBear website and completes the client preference sheet. insert student name here All clients work together to select preferences. J insert student name Completes Materials Requisition Slip based on the selections made by the client on the Client Materials Handler here Preferences sheet. The supervisor reviews the slip to ensure accuracy and then approves the insert student name(s) Using the approved Materials Requisition Slip, the Bear Builder worker goes to the Bear Builder Bear Builder here website and builds the product. (*Supervisor must begin timing the process to build the product.) As a group, select a SUPERVISOR The supervisor oversees all aspects of the iob. In this sheet, go to FileiMake a Copy. The Supervisor must share the new sheet with the team members. {Go to the green "share" button in top right corner to add This Google Sheet has the following tabs: '7 V. - Ciient Preferences . - Materials Requisition Slip Time Ticket Pre-determined OH Rate Job Cost Sheet DMM BEGIN 1 CLIENTls] makes the product selection. Go to the "Client Preferences\" tab and fill out the sheet. See detailed instructions on the sheet. 2 MATERIALS HANDLER reviews the Client Preference sheet and completes the Materials Requisition Slip. Use the website to determine the costs. For example, the Hugs 3 BEAR BUILDER begins building the bear based on the Materials Requisition Form. Once the builder opens the Build-a-Bear website, the SUPERVISOR begins timing. You 4 BEAR BUILDER completes the time sheet using the beginning and ending clock time from the SUPERVISOR The SUPERVISOR reviews and signs the form. One minute 5 All team members work together to determine the cost of the product their group has manufactured. Complete the Pre-determined OH Rate Sheet and then the Job Cost 6 SUPERVISOR is responsible for ensuring that each student participates and Job Cost calculations, including Direct Materials, Direct Labor, and Overhead are agreed END GOAL: Determine the Total Cost of Job WRAP-U P Once vour group has determined the total cost of the iob: 1 Please fill out the Team Member Evaluation in Canvas. (Go to Assignments and look for "Unit 1: Class Proiect (Bearl".l 2 Return to main room. Wait for all groups to finish and instructor will conclude with a debrief. CLIENT PREFERENCES 1 Go to this site to make your product selections. htt s:iiwww.buildaboar.com/onldcmaudwarcstorclSitcsbuildabcarusSitcldcfaultcharBuildcrShow'istc schooscFricnds 2 List your product choices below. On the website, select a bear. Then, you do NOT click select on any ofthe clothing, shoes, sounds, scents, or accessories. (That's the job ofthe bear builder!) Do NOT include costs below. Only include names. 1 Choose a Furry Friend Insert name here (i.e. Hugs and Wishes Bear) - must click select to make the following items available. Do not click select on any of the following items. 2 Chose Clothing and Shoes Insert clothes items here (is. Red Canvas High-Tops) (select up to 3 items) Chose Sounds and Scents Insert sounds and scents here (i.e. heart shaped heartbeat effect) (select up to 3 items) 4 Choose Accessories Insert accessories here (i.e. birthday crown headband) (select up to 3 items) MATERIALS REQUISITION SLIP Deliver to: Insert department name Charge to: Insert account name Req. No. R2021 Date: 8/26/23 Material Description Quantity Cost per Unit Total Example Only: Hugs & Wishes Bear (delete this row before submitting) 1 $23.40 $23.40 Total Cost of All Materials Used: 0 Supervisor's Approval (enter name)TIME TICKET Date: 8/26/23 Employee Name: Insert student name(s) here Job No. 101 Charge to: Insert account name (see illustration 15.7 for example) Ticket Number 211212 Time Start Stop Time in Minutes Time in Hours Hourly Rate Total Cost 9:00:00 AM 9:15:00 AM 0:15:00 15.00 $20.00 $300.00 Note: 1 minute = hours of direct labor Supervisor's Approval (enter name)PRE-DETERMINED OVERHEAD RATE CALCULATION Total Estimated Annual Overhead Glue $20,000 Yam 40,000 Machinery (Depreciation, Repairs, Maintenance) 250,000 Insurance 50,000 Inspection Costs 360,000 Supervisors' Salaries 500,000 Materials Handlers' Salaries 280,000 Total Estimated Annual Overhead Costs $1,500,000 The cost driver is Direct Labor Hours. Total Estimated Annual Operating Activity 50,000 Direct Labor Hours Calculate the OH Rate: Hint: Total estimated annual overhead costs / Estimated Annual Operating Activity OH RateJob Cost Sheet Job. No. 101 Quantity Item Date Requested For Insert student name here Date Completed Direct Materials Direct Labor Manufacturing Overhead (applied) Requisition No. $ Amount Ticket No. $ Amount OH Rate Actual Direct Labor Hours $ Amount 2021 211212 $300.00 0 15.00 Cost of Completed Job Direct Materials Cost Direct Labor Cost Manufacturing Overhead Cost Total Cost of Job Supervisor's Approval (enter name)