Answer the questions below. - What are the three (3) manufacturing costs? - What is absorption costing? - Since all three (3) manufacturing costs are "absorbed" into each unit of product, which of the three manufacturing costs seems easiest to identify in a product? Which seems to be the next easiest to identify with a product? Which seems the most difficult to specifically trace back to the manufacturing of a product? - How do we assign manufacturing overhead (MOH) to production? - What is the formula for predetermined overhead rate? - How do we calculate the amount of overhead applied to a particular job