Manufacturing Costs:

Manufacturing Costs: Pick a product and identify four direct materials that are used to create the product, identify at least two types of labor, Identify at least three types of overhead costs, and discuss how the company should be able to do to lower each cost.

SAMPLE SOLUTION

Direct materials in the manufacture of Toothpaste
The selected product is toothpaste. Despite the many brands of toothpaste, each brand has abrasives like hydrated silica. Another ingredient is a binder that help thicken the toothpaste and aid in avoiding the separation of liquid and solids. Additionally, there are sudsers whose role is to form bubbles, especially by breaking the water surface tension. The last ingredients are the humectants that help bring out the cool feeling and the desired sweetness (Gadkari et al., 2015).
Types of Labor
Both skilled, semi-skilled and unskilled types of labor are essential in the manufacture of toothpaste. In most industry players, however, it is the skilled and unskilled labor that has more utility. While the skilled labor helps in undertaking technical…