Product Marketing

  1. Identify the product you have selected to focus on and why you chose it.
  2. Explain in detail the manufacturing process that is shown. Please don’t refer me to the show or the clip as the purpose of this requirement is for you to show me that you understand the process. I watched three shows this evening, they walk you through the process so you should have no problem summarizing the process.
  3. Explain in detail the items that would be considered direct materials, direct labor, and two items that would be considered manufacturing overhead.
  4. Predict which costing method would most likely be used (job-order or process) and why.
  5. Identify one indirect labor cost and one indirect materials cost.
  6. Suggest at least one way you think the manufacturing process might be improved upon. This course is about using information to make informed decisions on how to improve profits by either lowering costs or increasing prices. Many times, costs can be lowered through improvements in the process.
  7. It is fine to use bullet points for your listing of direct materials, direct labor and factory overhead.

As we will have finished the chapters discussing direct materials, direct labor and manufacturing overhead as well as the main types of costing systems (process and job-order).

Sample Solution