Question

Manufacturing costs can be classified into three categories—direct materials, direct labor, and manufacturing overhead. Over the years, manufacturing companies have changed significantly with advances in technology and the automation of many manufacturing processes.

Required:
Explain how the relative proportion of materials, labor, and overhead is likely to have changed over the last 100 years. Be specific in your discussion of which types of costs have increased and which have decreased.



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  • CreatedFebruary 27, 2015
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