Product Costs In Chapter 3, you were introduced to three types of costs associated with a...

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Product Costs    In Chapter 3, you were introduced to three types of costs associated  with a manufactured product – direct materials, direct labor, and  manufacturing overhead. Explain how these costs are associated with the  manufactured product. Why are some of these costs allocated to the  product through costing methods such as job order costing or process  costing? As part of your response, please read the article First Solar preview: Manufacturing costs, project order book in the spotlight(Links to an external site.)Links to an external site. and provide a specific example of this company’s manufacturing costs. Your initial post should be XXXXXXXXXXwords.

Aarti J · Accepted Answer

Types of Costs
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TYPES OF COSTS		3
Type of Costs
In a manufacturing product, there are three types of costs which includes the direct materials, direct labor and manufacturing overheads. These are the major costs which are associated with the manufacturing a product. Direct materials includes the cost of the materials which are used in manufacturing the product. Example: In the solar panel, the panels are the direct materials as they main material which is used for manufacturing the products.

Product Costs In Chapter 3, you were introduced to three types of costs associated with a manufactured product – direct materials, direct labor, and manufacturing overhead. Explain how these costs are...

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