1.1 State the three main elements of manufacturing costs. (3) 1.2 Conversion cost representing 60% of manufacturing cost amounts to N$876 000. Direct labour amounts to 37.5% of conversion cost. Required: Calculate the following amounts: 1.2.1 Direct material 1.2.2 Direct labour 1.2.3 Manufacturing overheads (3) 1.2.4 Manufacturing cost (3) 1.2.5 Prime cost 1.3 State two differences between financial accounting and management accounting (2) (3) (3) (3)