Original blog posting May 12 2014 RS Owens a company in Chicago produces the Oscars statues Officially named the Academy Award of Merit Weigh 85 pounds Take three to four weeks to manufacture ID: 739747
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What are the direct and indirect costs involved with manufacturing Oscars?
Original blog posting (May 12, 2014)Slide2
R.S. Owens, a company in Chicago, produces the “Oscars” statuesOfficially named the “Academy Award of Merit” Weigh 8.5 poundsTake three to four weeks to manufacture Slide3
Video of how Oscars are madehttp://money.cnn.com/video/news/2014/02/28/how-an-oscar-is-made.cnnmoney/index.html Slide4
Question 1 What direct materials are used in the production of Oscars?Slide5
Question 2 Is there any direct labor involved in the production of Oscars? If so, what tasks are done by the workers classified as direct labor?Slide6
Question 3 What indirect labor would be involved in the production of Oscars?Slide7
Question 4 What other indirect manufacturing costs do you think would be incurred in the production of Oscars? Use your imagination.Slide8
Question Recap What direct materials are used in the production of Oscars?Is there any direct labor involved in the production of Oscars? If so, what tasks are done by the workers classified as direct labor?What indirect labor would be involved in the production of Oscars?What other indirect manufacturing costs do you think would be incurred in the production of Oscars? Use your imagination.Slide9
For additional news stories to use in the accounting classroom, see the Accounting in the Headlines blog at http://accountingintheheadlines.com/ Related video resources can be found at http://www.youtube.com/user/accountingheadlines Questions or comments? Contact Dr. Wendy Tietz at wtietz@kent.edu