Conduct market research on stainless steel or biodegradable packaging (i.e., search the internet, field research) to identify, estimate and determine the costs of your product's direct materials, direct labour, and manufacturing overhead (fixed and variable). Clearly list and determine how much and types of materials, labour and other manufacturing resources will be required to produce one unit of your product and calculate your product’s cost per unit. Explain the approach used to calculate the overhead cost per unit and clearly differentiate/list fixed and variable manufacturing overheads.

Answer rating: 100% (QA)

overhead on an ongoing basis regardless of how much or how little the company is selling There are two types of overhead costs fixed and variable NB Companies need to spend money on producing marketin... View the full answer