After the 1st exam, teams will be assembled by the instructor to apply the principles in the course in manufacturing a product.  The project will be divided in to 2 parts with a written portion which includes an Introduction, Analysis & Conclusion (min. 4 pgs. – max. 8 pgs. Between Introduction and Conclusion but does not include Cover Page,

After the 1^st exam, teams will be assembled by the instructor to apply the principles in the course in manufacturing a product.  The project will be divided in to 2 parts with a written portion which includes an Introduction, Analysis & Conclusion (min. 4 pgs. – max. 8 pgs. Between Introduction and Conclusion but does not include Cover Page, Table of Contents, Bibliography, Exhibits, References, etc.) And an oral presentation part by all members (minimum 1.5-2 minutes presentation by each member) of the team—not to exceed 15 minutes.  The written portion is due on the day of the oral team presentation and must be submitted at the start of class time or points will be deducted.

Written Report (120 Points):

Your written report should be in APA style format, double space with no smaller than an 8 size font and no larger than a 12 size font.

You are starting a brand new company. Pick a product to make for your project. You may use the following resources to choose a product:

Some ideas for products can be found on www.youtube.com under the following search item:

• Discovery Channel – How it is made

Information on how products are made can be accessed on www.madehow.com.

Information about existing/competing companies may be found on www.annualreports.com

The report should include the following:

1. Cover Page
2. Table of Contents
3. Introduction: In an introductory paragraph please provide the following
   1. Why the product was chosen
   2. How is the product made (process)
   3. How long it takes to produce the product
   4. Equipment/materials needed
   5. How much material is needed
   6. How many workers are needed
4. Discussion of current condition of the company
5. Comparative analysis with a competitor
6. Selected Problem and Solution to the Problem: Your team will need to select at least one problem from below and include the solution in your project
   1. How low can you lower your selling price and still make a profit?
   2. A supplier has offered to sell you an item that you currently produce.  Do you accept the offer or do you keep making the product?
   3. You need to buy a new machine.  What is the payback period?  What is the net present value of the investment?  What is the internal rate of return of the investment/project?
7. Conclusion with projection of the future of the company
8. References/Sources/Bibliography
9. Concepts from Managerial Accounting (see below)

A minimum of 20 different concepts (of which nos. 1 to 20 below must be included) is to be applied to the project from the chapters covered in the course and should be identified in the report.  Examples of concepts are as follows:

1. Sales Budget – Ch. 8
2. Schedule of Expected Cash Collections – Ch. 8
3. Production Budget – Ch. 8
4. Direct Materials Budget – Ch. 8
5. Schedule of Expected Cash Disbursements – Ch. 8
6. Direct Labor Budget – Ch. 8
7. Manufacturing Overhead Budget – Ch. 8
8. Selling, General and Administrative Expense Budget – Ch. 8
9. Income Statement:  Absorption Approach – Ch. 7
10. Income Statement:  Contribution Margin (CM) Approach – Ch. 1
11. Cost of Goods Manufactured (COGM) – Ch. 3
12. Cost of Goods Sold (COGS)  – Ch. 3
13. Cash Flow Statement – Ch. 13
14. Balance Sheet – Ch. 13
15. Break-Even Analysis – Ch. 6
16. Accounts Receivable Turnover – Ch. 14
17. Inventory Turnover  – Ch. 14
18. Debt to Equity Ratio – Ch. 14
19. Gross Margin Ratio – Ch. 14
20. Current Ratio – Ch. 14

USE OF PROPER GRAMMAR AND COMPUTATIONS IN THE PROJECT IS EXPECTED AND WILL BE INCLUDED IN GRADING THIS ASSIGNMENT!

Oral Report (80 Points):

Sales pitch of your product and company including why this product was chosen, what it is about, etc.  The emphasis of the presentation should be to attract potential investors for your organization.  You must identify yourself prior to your individual portion of the presentation.  Summary of calculations of costs and profits should be included in the presentation.  The presentation should be in the format of an Executive Summary and must use PowerPoint (use bullets instead of paragraphs).  Oral presentation will be graded based on (1) Enthusiasm, (2) Preparedness, (3) Clarity of Speech, (4) Topic Orientation, and (5) Posture/Eye Contact.

Team Member Evaluation:

Each team member must evaluate team members’ contribution to the team project by sending an e-mail to the instructor with a ranking of 1 to 3 (with 1 being the lowest and 3 being the highest) for each team member—including yourself—and must include a brief explanation as to why that ranking is warranted for that team member.  If no evaluation is submitted then that team member is to receive the lowest score possible (1) for their self-evaluation and the highest possible score (3) to the other team members.   The e-mail must be sent no earlier than the day before and no later than the day after the team presentation date.  Team member points for the project may be adjusted based on team member evaluations submitted.

Notes:  

• The project assignment is designed to be a competition between the different teams and will be graded accordingly.
• Due Date: June 03, 2021 (Written Reports and Presentations)