Search for How Its Made

Your Topic: __________Legos_________________

Watch the video and answer the following questions:

https://www.youtube.com/watch?v=zrzKih5rqD0

What is your product/service? Why is process costing appropriate for this setting?

Why does the company that makes the product/service need a cost system? Describe 2 decisions a manager might make based on cost information.

Describe the raw materials used in each process and name 2 costs that would be included in conversion cost for each process.

How would the company determine the cost of units in process at any given point in time? Why would managers need to know the cost of times in process?