MAC 2601
University of South Africa
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MAC2601 EXAM PACK PAST QUESTIONS AND SOLUTIONS
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---129mei 20212020/2021
- MAC REVISION STUDY PACK 
TOPIC 1: NATURE AND BEHAVIOUR OF COSTS 
(1) Manufacturing cost/ Production cost 
Manufacturing costs - costs incurred in the manufacturing process of a product. 
 Direct + Indirect cost = Manufacturing cost 
 Direct cost = Direct Material + Direct Labour 
 Total Direct cost = Prime cost 
 Conversion cost = Direct Labour + Manufacturing overheads 
 Indirect cost = Indirect material + Indirect Labour 
 Total Indirect cost = Overheads 
Direct cos...
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