Accounting lego project (with example project attached) concept idea: | ACCT 2102 - Vintage-paper.com

Lego Project Instructions Fall 2020 Due Date: 11/16/20 The Lego Project will be due Nov 16th at 11:59PM The purpose of this project is for you to reinforce the fundamentals of managerial accounting presented in ACCT 2102. You can do this in groups of two. On the coversheet on your written deliverable please include both names if you worked in a group. In addition, your cover sheet should contain the name of your creation and a picture of your creation. Please include both names on the PowerPoint as well. You will be creating a Lego kit either by drawing or a Lego building website. The number of Legos per creation will differ for each group depending on the creation. You must use a minimum of 100 pieces to create your Lego creation. This project should not cost you any money you should be able to download the software off of Lego.com or draw your creation. If you find another website similar, you are free to be creative. If you have Legos, you may also build an actual structure. Assume you are creating a Lego kit to resell. Also, assume that you are presenting this project to the Executive Vice President of Product and Marketing Development. Grading: 20% actual creation 40% two-page written deliverable 40% presentation Actual Creation 20 points Written Deliverable 40 points Presentation (PowerPoint and Presentation) 40 Points Total Points 100 Points Your deliverable and presentation will be judged on both creativity and the informational content of the report. DO NOT SUBMIT A DELIVERABLE THAT RESEMEBLES JUST ANSWERING THE QUESTION IN ORDER OR THAT RESEMBLES A RESEARCH PAPER. Direct Materials Cost: Bricking Listing- Use this listing of Lego pieces to determine your material cost. Your only material used should be Lego pieces. Assume the following costs for the Lego bricks in determining the cost of your creation: Lego Plates: 5 cents each Lego Bricks: 8 cents each Lego Special Pieces: 10 cents each (if the piece is not a plate or a normal Lego brick, it should be classified as a special price- any size or shape) Direct Labor Cost: Direct labor cost are recorded at 25% of your total direct materials cost. Manufacturing Overhead Cost: Manufacturing overhead costs are recorded at 30% of your direct labor cost. Required: You should create a two-page maximum information sheet about the creation you build. The written deliverable should contain at a minimum the information listed below. However, it can not exceed two pages, thus you must also think about creativity when preparing your deliverable. You will also create a PowerPoint containing the following information and include a voice over power point in place of a presentation. Remember you are trying to sell your project to the Executive Vice President of Product and Marketing Development; thus, you want to use creativity when presenting this information. · A unique name for your creation along with the selling price of your Lego Kit. Make sure you use creativity in choosing the name of your creation. Comment on the reasonableness of the selling price of your creation and how you calculated the selling price. · A discussion of the types of costs associated with manufacturing the Legos for your creation. This does not include the dollar amount of cost, just the TYPES of costs. Think through the manufacturing process and include all of the types of costs that you can identify that would be used in this manufacturing process. (Think about obvious types of items used in any manufacturing process.) You might draw a flowchart depicting the manufacturing process and comment on types of costs or use another interesting approach for presenting the information. Diagram in as much detail as you can, the manufacturing process of your Lego creation. · Summarize all costs of production in a Production Cost Sheet format. One possible format is shown below (feel free to add any parts to the list that you might need– customize the list to your creation): PLATES LISTED BY SIZE QUANITITY USED COST/UNIT TOTAL COST 1X1 2X2 2X3 2X4 2X6 2X8 2X10 4X4 4X6 4X10

Accounting lego project (with example project attached) concept idea: | ACCT 2102

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