Chapter 1: Introduction to Management Accounting Cost Classification by Fadhilah Mohd Saleh https://padlet.com/fadhilahdia/MAChapter1 Give your feedbacks on Topic 1 en-us 2016-07-21 07:49:58 UTC 2021-08-01 20:19:16 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Lightdecrease.png fadhilahdia https://padlet.com/fadhilahdia/MAChapter1/wish/116804178 Video 3 : How It's Made Frozen French Fries
This video related to the Food Industry. Identify the raw materials, direct labour, and manufacturing overhead (Indirect labour, Indirect Material, and other indirect manufacturing) costs. 
Try to identify the raw materials, direct labour, and manufacturing overhead (Indirect labour, Indirect Material, and other indirect manufacturing) costs.

Note that this manufacturing process is machine intensive (rely heavily on machine)

]]> 2016-07-22 04:58:17 UTC https://padlet.com/fadhilahdia/MAChapter1/wish/116804178 fadhilahdia https://padlet.com/fadhilahdia/MAChapter1/wish/116804494 Video 1 : Amazing Ferrari  Manufacturing Tour
This is the video that related to an automobile industry. 

Try to identify the raw materials, direct labour, and manufacturing overhead (Indirect labour, Indirect Material, and other indirect manufacturing) costs. 


Note that this manufacturing process using both labor and machine intensive. ]]> 2016-07-22 05:09:55 UTC https://padlet.com/fadhilahdia/MAChapter1/wish/116804494 fadhilahdia https://padlet.com/fadhilahdia/MAChapter1/wish/116804824 Video 2 : FERI Men's shoes Manufacturing Process.
This video related to Shoe Industry. Identify the raw materials, direct labour, and manufacturing overhead (Indirect labour, Indirect Material, and other indirect manufacturing) costs.

Try to identify the raw materials, direct labour, and manufacturing overhead (Indirect labour, Indirect Material, and other indirect manufacturing) costs.

 Note that this manufacturing process is using labor  intensive (rely heavily on manpower)

]]> 2016-07-22 05:23:54 UTC https://padlet.com/fadhilahdia/MAChapter1/wish/116804824 Instructions: https://padlet.com/fadhilahdia/MAChapter1/wish/116805590 Please give your feedbacks for Chapter 1. 

Write your Name, ID, and Lecture Group before give feedbacks.

The feedbacks can be free for examples, the concept that you do/ don't understand, the comments on teaching delivery, or you may share any material that related to this chapter 1. ]]> 2016-07-22 05:46:48 UTC https://padlet.com/fadhilahdia/MAChapter1/wish/116805590 https://padlet.com/fadhilahdia/MAChapter1/wish/116912915 2016-07-25 06:26:19 UTC https://padlet.com/fadhilahdia/MAChapter1/wish/116912915 Ngoh https://padlet.com/fadhilahdia/MAChapter1/wish/270773929 2018-07-22 04:56:52 UTC https://padlet.com/fadhilahdia/MAChapter1/wish/270773929 T https://padlet.com/fadhilahdia/MAChapter1/wish/270864076 2018-07-23 12:53:02 UTC https://padlet.com/fadhilahdia/MAChapter1/wish/270864076 TAN c https://padlet.com/fadhilahdia/MAChapter1/wish/270864079 2018-07-23 12:53:04 UTC https://padlet.com/fadhilahdia/MAChapter1/wish/270864079 TAN CHAI WEI https://padlet.com/fadhilahdia/MAChapter1/wish/270864083 1161204561   LEC 1
I learned :
Direct Materials is the main ingredients or materials used in manufacturing process.
Direct Labor is the salary of the main factory workers who had involve in manufacturing process.
Manufacturing Overhead is include all indirect materials and indirect labor.
And the three cost is grouped in product cost which is involve all cost related with manufacturing factory.

]]> 2018-07-23 12:53:09 UTC https://padlet.com/fadhilahdia/MAChapter1/wish/270864083 https://padlet.com/fadhilahdia/MAChapter1/wish/270876446 Yee She Meng
1161204602
LEC 1
Comments:
Direct material can be a raw material that can be used directly to manufacture a product, for example potato that used to make french fries in video 3.
Direct labor is the worker that touch the product directly. The cobbler that make FERI Shoes is one of the example of direct labor.
Manufacturing cost includes indirect material and indirect labor. It also can call as overhead cost for factory.]]> 2018-07-23 15:31:20 UTC https://padlet.com/fadhilahdia/MAChapter1/wish/270876446 Tan Jia Rou https://padlet.com/fadhilahdia/MAChapter1/wish/270876886 1161203839 [Lec 1]

 As I opinion, direct material is the material that is a part of the product and we MUST use it for produce a product, for example the direct material for a shoes are the rubber and leather. However indirect material is the material that is not a part of the product, for example the glue and thread.

For the direct labor it's mean the employees who directly 'touch' the product during process, for example the product line worker. Indirect labor which means the employees that does not frequently 'touch' the product, for example supervisor.

Manufacturing overhead actually is the expenses for the factory, for example utilities, insurance, taxes and more. MO also including both indirect material and indirect labor.]]> 2018-07-23 15:37:59 UTC https://padlet.com/fadhilahdia/MAChapter1/wish/270876886 Liow Lih Wen https://padlet.com/fadhilahdia/MAChapter1/wish/270877176 1161204145 [ LEC 1 ]
Comments: 
Direct material is the raw material that used in a part of produce the product, ig cloth.
Direct labor is for those worker can directly touch the product at the workplace, ig factory labor.
Manufacturing overhead are involves indirect material, indirect labor, and some extra expenses like indirect cost used for promote the product, ig transportation fees.

]]> 2018-07-23 15:42:34 UTC https://padlet.com/fadhilahdia/MAChapter1/wish/270877176 Ngoh Wei Hao https://padlet.com/fadhilahdia/MAChapter1/wish/271070946 1161204399 [LEC 1]
Feedback:
Raw Materials

Raw materials can be divided into two categories that direct and indirect. Direct raw materials are materials that companies directly use in the finished product, example wood for a chair. 

Indirect raw materials are items that are not part of the final product but are consumed as part of the production process, example a manufacturing facility's oils, rags and light bulbs
 
Labor costs

Direct labor costs are the wages, benefits, and insurance that are paid to employees who are directly involved in manufacturing and producing the goods. For example, workers on the assembly line or those who use the machinery to make the products.

Indirect labor is the cost of any labor that supports the production process, but which is not directly involved in the active conversion of materials into finished products. Examples of indirect labor positions are production supervisor and purchasing staff

 

Manufacturing overhead

Manufacturing overhead is referred to as factory overhead, factory burden, and manufacturing support costs. Example, is indirect factory-related costs that are incurred when a product is manufactured.

]]> 2018-07-25 07:26:01 UTC https://padlet.com/fadhilahdia/MAChapter1/wish/271070946 TOH JIA QUAN https://padlet.com/fadhilahdia/MAChapter1/wish/271180442 1161204088 [LEC 1]
COMMENTS:

1. Direct Material:
Direct material is the raw materials that being comsumed for manufacturing products.

2. Direct Labor:
Direct labor is the wages of salaries given to to the workers who has direct contact to the machine process or making products.

3. Indirect Labor:
Indirect labor is actually one of a components of manufacturing overhead. It is the workers who work in the factory but doesn't has direct contact to the products or production line such as the factory departmental supervisors and managers.

4. Manufacturing Overhead:
Manufacturing Overhead is the component of indirect expenses and consists of factory utilities expenses, insurances, depreciation and others factory consumption.]]> 2018-07-26 07:52:12 UTC https://padlet.com/fadhilahdia/MAChapter1/wish/271180442 Heng Jing Hua 1171200690 https://padlet.com/fadhilahdia/MAChapter1/wish/271277592 1161204327 [ LEC 1]
Direct Material is the raw material that used in a part of produce the product.
Direct Labor is for those worker can directly touch the product at the workplace.
Manufacturing Overhead involves indirect material, indirect labor and some extra expenses like indirect cost used for promote the product.


]]> 2018-07-27 09:46:13 UTC https://padlet.com/fadhilahdia/MAChapter1/wish/271277592 Henry Wong https://padlet.com/fadhilahdia/MAChapter1/wish/271452842 1151202109( LEC 1)

Direct Materials
-is a raw material can be physically and directly associated with the finished product.

Direct Labor
-is the work of factory employees that can can be physically and  directly associated with converting  raw material into finished good.

Indirect Labor
-is work of factory employees that has no physically association with the finish product.

Manufacturing Overhead
-is the indirectly associated with manufacturing the finished good]]> 2018-07-30 14:32:17 UTC https://padlet.com/fadhilahdia/MAChapter1/wish/271452842 YEOW CO NEE https://padlet.com/fadhilahdia/MAChapter1/wish/289140259 1171201062 (LEC 4)

Direct Material
  • Raw material that directly associated with the finished product during the manufacturing process.

Direct Labor
  • Work of factory employees that can be directly associated with converting raw materials into finished goods.
    eg : production workers

Manufacturing Overhead
  • Costs that are indirectly associated with manufacturing the finished product. Factory overhead , indirect materials , indirect labor. 
    eg : utility , taxes , depreciation. 
]]> 2018-10-04 13:57:14 UTC https://padlet.com/fadhilahdia/MAChapter1/wish/289140259