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On YouTube (www.youtube.com), search for clips from the show Unwrapped (Food Network) or How It's Made (Discovery Channel). Watch a clip for a product you
On YouTube (www.youtube.com), search for clips from the show "Unwrapped" (Food Network) or "How It's Made" (Discovery Channel). Watch a clip for a product you find interesting and discuss the following questions: 1. Describe the product that is being produced and the company that makes it. 2. Summarize the production process that is used in making this product. 3. What raw materials are used to make this product? 4. What indirect materials are used to make the product? 5. Describe the jobs of the workers who would be considered "direct labour" in the making of this product. 6. Describe the jobs of the workers who would be considered "indirect labour" in the making of this product. 7. Define manufacturing overhead. In addition to the in direct materials and indirect labour previously described, what other manufacturing overhead costs would be incurred in this production process? Be specific and thorough. Make reasonable "guesses" if you do not know for sure. 8. Would a job-order costing system or a process costing system be used for this production. Give specific reasons for your choice of which costing system would be most appropriate for this manufacturer. Assume you are teaching a group of students on how the manufacturing process works for your product and what type of costs would be associated with it. Prepare a summary report with your findings from addressing the questions mentioned above. Please do share the link of the YouTube video you reviewed for additional context
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