Why is manufacturing more complicated than merchandising business?

Q: Which of the following major activities of a business will result in product costs? Multiple Choice…

A: Manufacturing is a process of production of goods for sale. It involves conversion of raw material…

Q: Explain the difference between service company and manufacturing company.

A: Explain the difference between a service company and a manufacturing company.   Service Company:…

Q: Discuss the difference in the operating cycle of merchandising and the service business

A: The operating cycle of merchandising and the service business will be explained :

Q: Explain how business activities and inventories for a manufacturing company, a merchandising…

A: Manufacturing company:   Manufacturing companies produce their own goods and sell it to the…

Q: What are the similarities in calculating the cost of materials used in production, the cost of goods…

A: Cost of the materials used in production: This is the additional amount of material put in the…

Q: Companies that buy and sell goods are called: O a. merchandising businesses. O b. service providers.…

A: Inventory: It can be defined as all the goods, items, materials, and merchandise that are held by a…

Q: Which of the following major activities of a business will result in product costs? Multiple Choice…

A: The costs that can be directly attributable to the produced goods are called product costs.

Q: why service industry involve operating expenses and retail industry involve operating expenses and…

A: Service Industries include those companies which offers only services to other industries. Retail…

Q: How do service companies differ from manufacturing companies?

A: Company:   A company refers to an artificial judicial person created by a group of individuals who…

Q: hat are the ways of controlling manufacturing costs

A: Manufacturing costs are recognized as the primary source of expenses in mass goods manufacturing…

Q: A). What are inventories? Why are they important to manufacturing companies?

A:

Q: What are the difference between the cost of goods sold of manufacturing and service type businesses…

A: Introduction:

Q: What is the primary distinction between a service company and a manufacturing or merchandising…

A:

Q: How does lean manufacturing differ from the conventional manufacturing process?

A: Lean ManufacturingThe main objective of lean manufacturing is to yield products with high quality,…

Q: How do manufacturing companies differ from merchandising companies?

A: Manufacturing Companies: Merchandiser is a person or organization who buys goods with the purpose of…

Q: 1.) Explain one difference between manufacturing and merchandising business. 2.) Why is it that…

A: Solution:- 1) Explanation of one difference between manufacturing and merchandising business as…

Q: In what way does a typical manufacturing business differ from a merchandising concern? in what ways…

A: Manufacturing business means when a company makes finished products by use of raw materials and then…

Q: Explain Operating Cycle of a Typical Merchandising or Manufacturing Company.

A: Operating cycle: The operating cycle is the period of time which is required to meet the initial…

Q: chicken. What is the impact on the cost? Briefly explain your steps to solve this business problem.

A: Government and industry regulations can affect the sales price of many products and services in many…

Q: Why do managers need to know the cost of their products?

A: Job order costing: Job order costing is one of the methods of cost accounting under which cost is…

Q: What is the flow of inventoriable and periodcosts in manufacturing and merchandisingsettings?

A: Inventoriable costs: It is the costs of inventory hold by the business. It is shown as asset until…

Q: (a) How are the components of revenues and expenses different for a merchandising company? (b)…

A: There are generally two types of business organisations-merchandising businesses which sale goods…

Q: One key difference appears when comparing the income statements of a manufacturing company to a…

A: Income statement: The income statement is one of the three primary financial statements used to…

Q: What is cost of goods sold, how to calculate cost of goods sold for manufacturing, merchandising and…

A: 1.Cost of goods sold : it the the cost incurred or value of  goods which are sold.   2 Calculation…

Q: What are the primary goals of lean manufacturing?

A:

Q: the differences between service business and merchandising business?

A: Merchandise business is a kind of business wherein revenues are earned by providing or selling goods…

Q: why service industry not involved production cost and retail industry involve in production cost?

A: In the method of Job costing a particular service is obtained by allocating costs to a distinct…

Q: Which of the following is the primary source of revenue for a merchandising business?A. the…

A: Mainly there are two types of business involved in the product line i.e. manufacturing and…

Q: Why is the normal operating cycle for a merchandising company likely to be longer than for a service…

A: A merchandising company only deals with purchase and sales of products. It buys products from other…

Q: True or False. Assembly department is an example of a production department because it IS in charge…

A: In manufacturing companies, there various types of departments for production of manufacturing units…

Q: Merchandising companies have financial statements that are more complex than manufacturing…

A: Merchandising companies are companies engaged in buying and selling goods. Manufacturing companies…

Q: Production or operation is the activity of creating products and services. Operational manager is…

A: Production or operation is the activity of creating products and services. An operational manager is…

Q: How does automation help achieve manufacturing flexibility?

A:

Q: What challenges does Blu Dot face in selling consumer products (as opposed to business products)?

A: Consumer products, often called as final goods, are objects bought for personal use by individuals…

Q: please differentiate the cost flow in a Service, Merchandising and Manufacturing Business?

A: Merchandise industries are those that produce goods from the goods purchased from other parties.…

Q: What is the distinction between service and merchandisingcompanies?

A: Despite the fact that marketing organizations and administration organizations adjust to sound…

Q: How are a merchandiser's  inventories different from the inventories of a service-oriented firm .

A: Solution:- Merchandiser’s inventories different from the inventories of a service-oriented firm:-…

Q: How can accounting consultants or auditors minimize the cost of doing business? How is this…

A: SOLUTIONS- ACCOUNTING CONSULTANTS ADVISES BUSINESSES ON FINANCIAL DECISION AND THEIR ACCOUNTING…