MAC 2601 (MAC2601)

MAC2601 EXAM PACK PAST QUESTIONS AND SOLUTIONSGR TUTORIALS . 1 MAC REVISION STUDY PACK TOPIC 1: NATURE AND BEHAVIOUR OF COSTS (1) Manufacturing cost/ Production cost Manufacturing costs - costs incurred in the manufacturing process of a product.  Direct + Indirect cost = Manufacturing cost  Direct cost = Direct Material + Direct Labour  Total Direct cost = Prime cost  Conversion cost = Direct Labour + Manufacturing overheads  Indirect cost = Indirect material + Indir...