DISCUSSION UNIT 1: Introduction to Management Accounting Chapter 1 discusses the three components that make...
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DISCUSSION UNIT 1: Introduction to Management Accounting Chapter 1 discusses the three components that make up the manufacturing costs - direct material, direct labor and manufacturing overhead. Included above in the YouTube video section are four videos that describe how a product is made. Watch one of the videos posted in the learning material above and discuss the following: a Summarize how the product is made as described in the video. 0 What specic materials would you include in the direct material category for this product? (Example: Flour would be an ingredient included in direct materials for making bread.)- 9 From watching the video' do you think that direct labor will be a major portion of the total manufacturing costs? Why? o What costs would you expect to include in manufacturing, overhead for this product? 5 Did the video help you to better understand what makes up product costs for a manufacturer
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