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

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter9: Cost Accounting For Service Businesses, The Balanced Scorecard, And Quality Costs

Section: Chapter Questions

Problem 4Q: What type of costing system do most service businesses use, and why do they use it?

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Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

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Hi! Can you please differentiate the cost flow in a Service, Merchandising and Manufacturing Business? Thank you?

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