The following items are associated with a cost accounting information system

a. Usage of direct materials

b. Cost Accounting

b. Assignment of direct materials cost to each product

c. Information System

c. Direct labor cost incurrence

d. Depreciation on production equipment

e. Cost accounting personnel

f. Submission of a bid using product cost plus 25 percent g- Power cost incurrence h. Material handling cost incurrence i. Computer j. Assignment of direct labor costs to products k. Costing out of products l. Decision to continue making a part rather than buying it m. Printer n. Report detailing individual product costs o. Assignment of overhead costs to individual products Required:
1. Classify the preceding items into one of the following categories:

a. Interrelated parts

b. Processes

c. Objectives

d. Inputs

e. Outputs

f. User actions 2. Draw an operational model diagram that illustrates the cost accounting system—with the preceding items used as examples for each component of the model.
3. Based on your operational model, identify which product cost definition is being used:
value-chain, operating, or functional-based manufacturing.