
Introduction:
The costs incurred in the production process of finished product refers to manufacturing costs. The cost is associated only with the manufacturing of a product. The production costs include direct and indirect costs.Direct Material, direct labor and manufacturing overhead are three categories of manufacturing cost that are described briefly as below:
Direct Material: It refers to the cost of raw materials used in the production process that becomes finished goods.
Direct Labor: The cost of wages paid to the labor who is physically involved in converting raw materials to finished goods.
Manufacturing
To calculate:
The total manufacturing costs of goods for a manufacturer with the given information.

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Chapter 18 Solutions
Loose Leaf for Fundamentals of Accounting Principles and Connect Access Card
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