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Management Accounting Online Tutorial 1 | Basic Framework | Accounting for Manufacturing Operations | Direct Labor Cost | Direct Material Cost | Manufacturing Over head cost | Cost Drivers
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http://www.CostMatters.com Selecting cost drivers is critical to cost modeling. Real care is required to avoid distortions that adversely affect management decisions. The selection process requires a good understanding of operating realities at the activity level. [More]
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This 10 minute video introduces cost classifications for a manufacturing company, including terms such as product and period costs, direct and indirect costs, direct labor, direct materials, overhead, selling costs and administrative costs, prime costs [More]
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