Question 1 a. Materials are very essential when it comes to production, the cost of every material is essential in the production process and price determination, explain the difference between the cost ascertainment process for two manufacturing companies of your choice, support your explanations with suitable examples

b. Wisconsin and the University of Ghana are institutions that have groups or types of labour cost, using appropriate examples explain the cost associated with these labour and also explain the basis for which you classified the labour.

c. Explain in your view, four limiting factors for material cost determination in a major university like the University of Ghana and what process would you use to collect the cost