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Managerial Accounting Notes Take Chapter 1 – 6 questions - Role of managerial accounting (1) - Cost classifications (1) - Manufacturing statements (4) Managerial accounting – internal, no indie audits, specific purpose Manufacturing Costs - Direct Mate

Chapter 1 – 6 questions

 

-          Role of managerial accounting (1)

-          Cost classifications (1)

-          Manufacturing statements (4)

 

Managerial accounting – internal, no indie audits, specific purpose

 

Manufacturing Costs

-          Direct Materials

o   Raw Materials – basic materials and parts used in manu process

-          Direct Labor

o   Word of factory employees that can be physically and directly associated with product

-          Manufacturing overhead

Indirect materials – no

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