Required: The Week6 Forum consists ofonequestion.The question needs to be answered with an initial post ofat least 250 words. Discuss cost concepts used in manufacturing accounting. Be sure to address...

Cost Concepts:
Every entity needs funds to operate either for basic business operations or in the manufacturing of product for the ultimate consumers. The manufacturing costs are divided into various types in order to track all the manufacturing expenses by the accounts department. The manufacturing cost changes with the change in the production level or when the entity decides to replace the existing products with the new product as the part of the product line (Jane, Mary). Thus cost concepts in the manufacturing can be defined as the cost incurred from conversion of raw materials into finished products. These costs can vary...