Please provide references:

1.) Explain ABC costing, and the death spiral. If you were a manager of a manufacturing company, how could you prevent the death spiral from happening?

2.) Describe the three classes of manufacturing costs and differences between product and period costs.

3.) Demonstrate how to compute cost of goods manufactured and prepare financial statements for a manufacturer. Essentially, what might be different about financials for a manufacturing company versus a merchandise company (hint: think of inventory for sale in a store versus raw goods inventory).