Lego Activity: Economics of One Unit
This game can be used to help students work out their Economics of One Unit
Lego has hired your product development team to create a new toy using Lego pieces.
You have 50 minutes to complete the task. In groups you must do the following:
Decide as a group what toy you want to make.
Choose one delegate to collect the Lego pieces from display.
Build the toy as a team.
Using the cost sheet, determine the cost of materials using the unit costs listed below.
Calculate how much time it took to build the toy to determine labour costs to produce the toy.
Identity a target consumer.
Give the toy a name.
Calculate the selling price.
Given the selling price, how much profit will Lego make on each toy sold?
Unit cost per Lego piece
Light blue $.05
Specialty legos $.20
LEGO GAME STUDENT WORKSHEET Selling Price $______ (A)
Red $.15 _______ $______
Blue $.15 _______ $______
Yellow $.06 _______ $______
Green $.02 _______ $______
Black $.09 _______ $______
Orange $.03 _______ $______
Grey $.06 _______ $______
Light blue $.05 _______ $______
Specialty $.20 _______ $______
Total Cost of Materials $______(B)
Time production commenced: __________
Time production completed: __________
Total time taken to produce: __________ (in hours)
Wage rate per hour: $_________
Total number of staff: __________
Total cost of labor (times x rate): $_______ (C)
Total Expense (B + C) $_______ (D)
Total Profit per Unit (A – D) $_______ (E)