The cost of making a Burger King hamburger includes the cost of materials, labor, and overhead. Does…

1. All boxes of General Mills’ Total Raisin Bran cereal are priced at exactly the same amount in your local grocery store. Does this mean that the actual cost of making each box of cereal was exactly the same?

2. The cost of making a Burger King hamburger includes the cost of materials, labor, and overhead. Does this mean that Burger King is a manufacturing company?

3. A strike at a General Motors brake plant caused an almost immediate shutdown of many of the company’s assembly plants. What could have caused such a rapid and widespread shutdown?

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