Managerial Accounting and Cost Concepts

Watch the video links and write 3 paragraph simple summary for each.

Managerial Accounting and Cost Concepts

Please watch video below and write a three to four paragraphs summarizing the contents of the video. In your posts you might want to discuss cost classifications for manufacturing companies, direct materials, direct labor, overhead, etc.

Traditional Costing and Activity Based Costing

Please watch video below and write a three to four paragraphs summarizing the contents of the video. In your posts you might want to discuss how Overhead is applied in traditional systems, What is ABC as used in Overhead cost calculations and applications. Why do companies use ABC instead of Traditional systems. How are over applied and under applied overhead handled. Also, it will be good if you use examples.

Product Cost vs Period Cost

Please watch video below and write a three to four paragraphs summarizing the contents of the video. In your posts you make sure to explain what are product costs and what are period costs. Also explain how product and period costs fit in with direct materials, direct, labor and overhead.