Project

Project Title: Product Cost Analysis

Mechanics:

1. Students will group themselves into a 5-person group (maximum).

2. The group will select a product or a recipe in the internet or other sources, and then they will research on the background, description, production needs and processes, cost of the materials, labor, and overhead required, etc. of the product

3. From the data acquired in their research, the group will then determine the unit cost of each product.

4. Lastly, the group will make a recommendation as to how the production cost per unit can be lowered.

Paper Format:

I. Cover Page

II. Product Description (Purpose, History, etc.)

III. Direct Materials, Labor and Other Production Needs

a. Direct Materials

Materials (Description) | Unit of Measure | Required |

| | |

b. Direct Labor

i. No. of Workers

ii. No. of Labor Hours Required

c. Overhead

iii. Equipment, Tools, and Machines Needed

iv. No. of Machine Hours Required

v. Other Requirements

d. Production Process

# | Process Name | Description |

1. | | |

| | |

IV. Product Cost Computation

Particular | Cost |

Direct Materials1. | |

Direct Labor1. | |

Factory Overhead1. | |

Total Costs | |

No. Unit Produced | |

Cost Per Unit | |

V. Recommendation

Grading System:

CRITERIA | EXEMPLARY100% | SATISFACTORY90% | DEVELOPING80% | BEGINNING70% | RATING |

Contents (30%) | The students have thoroughly research on the product and its processes and provided a comprehensive analysis. | The students have thoroughly research on the product and its processes however, had overlooked on one or two critical items in their analysis. | The students should have researched more thoroughly on the product and its processes and had overlooked on a couple of facts in their analysis. | The students have poorly researched on the product and its processes...