Individual Project I – Requirements
The purpose of this project is to help illustrate the manufacturing process and the costs involved. You will need to locate an example of a manufacturing process –hint try sites such as Google or YouTube. The product you select is completely your choice!
This individual project is worth fifty (50) points of your overall grade. Please be sure to dedicate sufficient time to this project as late projects are not accepted. Early submissions are always welcomed and encouraged.
Required
Answer the below questions regarding the manufacturing process for the product you selected. Format your paper according to the question you are answering. Your responses should be in complete sentences and be free of spelling or grammatical errors. Spelling, grammar, and formatting errors reduce the grade by one point each.
1.For this requirement number 1, Describe in at least three paragraphs the product which is being produced and the company which makes it.
2.Describe the production process that is used in making this product.
3.Define raw materials. What raw materials are used to make this product?
4.Define direct materials. What direct materials are used to make this product?
5.Define indirect materials. What indirect materials are used to make this product?
6.Define direct labor. Describe the jobs of workers who would be considered “direct labor” in making this product.
7.Define indirect labor. Describe the jobs of the workers who would be considered “indirect labor” in making this product.
8.Define manufacturing overhead. In addition to the indirect materials and indirect labor previously described, what other manufacturing overhead expenses would be incurred in this production process? Be specific and thorough. Make reasonable “guesses” if not known for certain using examples provided in class or the textbook.
9.Would a job-order costing system or process-costing accounting system be used for this production process? Define and describe each costing system. Give specific reasons for the choice of which costing system would be most appropriate for this manufacturer.
10.Site your sources –include the link of the site you used in obtaining your information.
This project will be turned in using TurnItIn to check for similarity. Only use the requirement numbers above to help reduce your similarity score. Excessive similarity may result in a reduced or zero total score for this assignment and or other disciplinary action. Do not restate the above requirement questions.
