When would it be beneficial for the household enterprise to outsource some activities, for example, cooking?

Q: Why is manufacturing more complicated than merchandising business?

A: Financial Accounting: It is the process of recording the financial transactions of a business in…

Q: Please describe a cost center, profit center, and investment center that the manufacturing company…

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Q: Does it make sense for the company to add Staff/CAPEX to improve their take-home salary

A: To improve the employee's take-home salary, if company add Capex in their working area. It will…

Q: How can activity-based costing be used to switch the management of business activities from a…

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Q: What is a natural resource? What is the process by which businesses spread the allocation of a…

A: Natural resources:

Q: Discuss the circumstances that would require a business to change from traditional costing to ABC…

A: The difference between the traditional method (using one cost driver) and the ABC method (using…

Q: The Heritage Company is a manufacturer of office furniture. Which term best describes Heritage's…

A: The person who consumes the final product is called a Consumer. The person or entity who converted…

Q: Define the Term Skilled Producers & Sophisticated Consumers?

A: Sophisticated Customer:   A sophisticated customer refers to a customer who is aware regarding the…

Q: What distinguishes a merchandising business from a service business?

A: Merchandising Company and Service Company: A merchandising company generates income by selling goods…

Q: Which of the following costs would not be inventoriable?  Indirect labor cost Office rent factory…

A: Inventoriable cost means the cost which will be considered while valuing the inventories. Only the…

Q: What is the nature of cost management and how beneficial it is for the business?

A: Introduction:   Cost management is the process of planning and controlling a business's running…

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…

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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: Why is it important to know the true cost for a product or service?

A: True Cost and its importance The meaning of true cost is simple term is the the distinguish between…

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: 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: Using a CPA firm to represent the service industry, discuss how activity-based costing could be used…

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Q: compare service concern from merchandising business as a far as the manner of generating income and…

A: Different types of business organizations includes manufacturing business, service business, and…

Q: How has the move to producing standard furniture affected the com-pany’s financial structure?

A: Accounting & Finance of company not showing the profits what they should be.  The investments of…

Q: How do commercial businsses support the work of industrial business

A: Gaining profits is a primary motive for trading businesses mostly which can be treated as commercial…

Q: If you were a small business owner would you implement an activity based costing system? What…

A: Activity Based Costing- It is costing in which cost of overhead is assigned firstly to those…

Q: Why would a business that uses traditional costing systems consider implementing activity-based…

A: Cost-volume profit analysis is a tool that helps in decision making by establishing a relationship…

Q: Is Standard costing still a useful tool for the Management accountant? How could it be adapted to…

A: Costing Accounting- A cost accounting system is a type of perpetual inventory accounting system that…

Q: The major expenditures involved with buying a home include many things.  Describe the up-front…

A: Upfront cost: It is the cost that one has to pay put of his/her pocket when the deal of home has…

Q: What is the chief difference between manufacturing and service industry firms?

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Q: ?Which of the following is part of the first big economic questions ?What goods and services are…

A: Each and every economy face the following three central Problems - 1. What to produce 2. How to…

Q: Why should accountants participate in product design

A: Product design is a process through which the designers of a company assist in designing of products…

Q: How cost accounting is useful for external user as Government ,and customer etc,support your answer…

A: Cost accounting gives complete details of the cost incurred in the manufacturing of the product and…

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: How would a business plan for a small manufacturing firm differ from one for a small retailing firm?…

A: A business plan is a document in writing that elaborates how a start-up company derives its…

Q: What is the distinction between merchandising and manufacturing companies?

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Q: What are some basics to consider when opening a parts store to improve efficiency

A: Some steps to improve efficiency:- Step1:-Take the Time to look at In order to enhance upon how…

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: What is a reasonably foreseeable use of a productand why is it important to companies?

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Q: In the context of a real-life company, an identification and discussion of the different types of…

A: The question is related to Cost Accounting. Cost  is the amount of resource given up in exchange of…

Q: how important does the owner /manager believe cost information is the success of the business?

A: Cost accounting is an accounting system which provides information about all the costs incurred in…

Q: What are the benefits enjoyed by tourism firm by adopting cost accounting?

A: cost accounting -    cost accounting is the recording classifying summarizing and analyzing the…

Q: Suppose that a firm produces two products. How should the farm select a product for  placing  the…

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Q: Do starting entrepreneurs need to have basic knowledge about cost volume profit analysis?

A: Cost volume profit analysis is also known as "Break-Even" analysis. This is an important aspect of…

Q: Recommend actions for a manufacturing company on how to maintain or perhaps improve more their…

A: Answer: Manufacturing company are those company which are involved in extensive operations on day to…