Go to www.youtube.com and search for clips from the show Unwrapped on Food Network or How It\’s Made on the Discovery Channel. Watch a clip for a product you find interesting.

Product Cost and Job Costing Vs. Process Costing

Go to www.youtube.com and search for clips from the show Unwrapped on Food Network or How It\’s Made on the Discovery Channel. Watch a clip for a product you find interesting.

Submit a typed report and answer the following questions:

1. Copy and paste the Youtube link to the clips of your choice.

2. Describe the product that is being produced and the company that makes it.

3. Summarize the production process that is used in making this product.

4. What raw materials are used to make this product(s).

5. What are indirect materials are used to make this product?

6. Describe the jobs of the workers who would be considered \”direct labor\” in the making of this product.

7. Describe the jobs of the workers who would be considered \”indirect labor\” in the making of this product.

8. Define Manufacturing Overhead (MOH)? In addition to the indirect materials and indirect labor previously described, what other MOH costs would be incurred in this production process? Be specific and thorough. Make reasonable \”guesses\” if you do not know for sure.

9. Would a job-order costing system or a process costing system be used for this production process? Give specific reasons for your choice of which costing system would be most appropriate for this manufacturer.