MAC2601 - PAST EXAM PACK SOLUTIONS Study guides, Study notes & Summaries

Principles Of Management Accounting

MAC2601 EXAM PACK PAST QUESTIONS AND SOLUTIONS

Contents MODULE NOTES ............................................................................................................................................ 2 Past Exam papers ........................................................................................................................................ 58 SOLUTIONS .................................................................................................................................................. 66 Oct/Nov 2013 ....

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 + Indirect Labour  Total Indirect cost = Overheads Direct cos...