1.1 State the three main elements of manufacturing costs. (3) 1.2 Conversion cost representing 60% of...

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1.1 State the three main elements of manufacturing costs. (3) 1.2 Conversion cost representing 60% of manufacturing cost amounts to N$876 000. Direct labour amounts to 37.5% of conversion cost. Required: Calculate the following amounts: 1.2.1 Direct material 1.2.2 Direct labour 1.2.3 Manufacturing overheads (3) 1.2.4 Manufacturing cost (3) 1.2.5 Prime cost 1.3 State two differences between financial accounting and management accounting (2) (3) (3) (3) 1.1 State the three main elements of manufacturing costs. (3) 1.2 Conversion cost representing 60% of manufacturing cost amounts to N$876 000. Direct labour amounts to 37.5% of conversion cost. Required: Calculate the following amounts: 1.2.1 Direct material 1.2.2 Direct labour 1.2.3 Manufacturing overheads (3) 1.2.4 Manufacturing cost (3) 1.2.5 Prime cost 1.3 State two differences between financial accounting and management accounting (2) (3) (3) (3)