ACCOUNTANCY 2203 REVIEW WORKSHOP SINDHU BALA OVERVIEW OF COST CATEGORIES FOR A MANUFACTURING FIRM All costs incurred by the firm must be accounted for in its financial statements…
Slide 1 Manufacturing Business Product Costs myaccountingteacher.com Direct Materials The material out of which the product is made. Wood for a bookcase, metal for an oven.…
OVERVIEW OF COST CATEGORIES FOR A MANUFACTURING FIRM All costs incurred by the firm must be accounted for in its financial statements MANUFACTURING COSTS Direct Labor (DL)…