Preparing the Manufacturing account

Objectives: At the end of this tutorial students should be able to do the following:

1. Distinguish between Direct Costs and Indirect Costs.
2. Recognize cost behavioral patterns and depict these patterns on a simple graph.
3. Calculate the Cost of Raw Materials Used in production.
4. Compute Prime Costs.
5. Identify factory overheads.
6. Compute Cost of Production.
7. Calculate the Cost of Completed Goods.

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