Textbook Notes (368,317)
Canada (161,798)
Accounting (533)
ACC 406 (130)
Lili Ma (2)
Chapter 2

Chapter 2 Equations.docx

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Department
Accounting
Course
ACC 406
Professor
Lili Ma
Semester
Winter

Description
Chapter 2 Equations • Total product/manufacturing cost= Direct material + Direct labor + Overhead • Unit cost= (Total product cost) / (# of units produced) • Prime cost= Direct material + Direct labor • Conversion cost= Overhead + Direct labor • Direct materials used in production = Beginning materials inventor
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