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QUESTION 1 a) Explain briefly direct material, direct labour and overhead cost with TWO (2) example each. (5 marks) b) The cost information below is

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QUESTION 1 a) Explain briefly direct material, direct labour and overhead cost with TWO (2) example each. (5 marks) b) The cost information below is related to the production activities of Mega Sdn Bhd (MSB). MSB produced 3,000 tables in March. These tables are sold for RM200 each. MSB had 200 finished goods inventory at the beginning of March. At the end of March, there were 300 tables in the finished goods inventory. The following cost information relates to March. Required: Prepare a statement for the cost of goods manufactured. (20 marks)

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