Question: 6. Complete the following chart by defining/explaining the following terms (14 marks): Raw Materials Direct Materials Indirect Materials Direct Labour Indirect Labour Manufacturing Overhead Variable


6. Complete the following chart by defining/explaining the following terms (14 marks): Raw Materials Direct Materials Indirect Materials Direct Labour Indirect Labour Manufacturing Overhead Variable Costs Fixed Costs Mixed Costs Product Costs Period Costs Relevant Range Prime Costs Conversion Costs 7. Define Cost Behaviour Analysis. What is the starting point? What condition must exist for an activity level to be useful
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