Q1-25

How would you define the following costs: direct materials, indirect materials, direct labour, indirect labour and factory overhead?

Q1-27

Distinguish prime cost from conversion cost. Does prime cost plus conversion cost equal the total manufacturing cost?

Q1-28*

In what way does the accounting treatment of factory overhead differ from that of direct materials and direct labour costs?

Q4-4

What are the distinguishing characteristics of variable, fixed and semi-variable factory overhead costs?

Q4-6*

What effect does a change in volume have on total variable, fixed and semi-variable costs?