Prior Knowledge activity

....... includes all the wages and salaries of those who physically make the products or operating the machines making the products

What is another word for direct materials

......refers to costs that doesnt change according to the number of products made ,while ..... changes when production increases

what are finished goods

• Goods that are raw materials

• Cost of sales

• Goods that are completely finished and ready to be sold

• Inventory

What is factory overheads

• Income Statement

• Consumable stores stock

• Costs involved n manufacturing process

• VAT