Unit costing

$1\mathrm{.}0$ What is the definition of manufacturing cost? What are the three inventory cost components of manufacturing cost?

$2\mathrm{.}0.$ How do you calculate the unit product cost under absorption and variable costing? What is the key difference between the two approaches?

Absorption versus Variable Costing Income statement

$3\mathrm{.}0$ What is the structure of an absorption income statement? What is the structure of a variable cost $($a contribution statement? What is the key difference between the two?

$4\mathrm{.}0$ How is Gross margin calculated under absorption costing? How is the contribution margin calculated under variable costing?

Annual static Budget

$5\mathrm{.}0$ How do you calculate the sales budget

$6\mathrm{.}0$ How do you calculate the production budget?

$7\mathrm{.}0$ How do you calculare the material production budget?

$8\mathrm{.}0$ How do you calculate the labour budget?