Differentiate between a production department and a service department and provide an example for the counterpart of a manufacturer’s “production” department in a bank.

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 17, Problem 1RQ

To determine

Differentiate between a production department and a service department and provide an example for the counterpart of a manufacturer’s “production” department in a bank.

Expert Solution & Answer

Explanation of Solution

Service department: A service department is a division in an organization which is not involved directly in producing the goods or services of an organization. But, the service department also offers a service that aids the organization to take place the goods or services that are produced. Example for a service department in a bank is the computer department or the human resources department.

Production department: On the other hand, the production departments are the divisions that are directly involved in the process of producing the goods and services of an organization. Example of a production department in a bank is the consumer loan department.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

For an investment bank, back office refers to a department which directly generate revenue for the company. Select one: True False

Determining the cost of producing specific products or providing services and analyzing for cost effectiveness. Includes preparing various reports and financial statements and analyzing operating, investing, and financing decisions. The process in which accountants help managers develop a financial plan. A business that buys a product from another business to sell to customers. Telling the results of the financial information. A type of ownership structure in which more than one person owns the business. Specializes in cash, payroll, accounts receivable, accounts payable, inventory, or purchases. A system of gathering financial information about a business and reporting this information to users. Bringing various items of information together to determine a result. A business that makes products to sell. A business that provides a service. Generally supervises the work of…

Identify an activity base that could be used to charge user divisions for services for each actitivity. Payroll Accounts Payable Accounts Receivable Database Administration-report preparation

Answer 2

Question

Chapter 17, Problem 1RQ

To determine

Differentiate between a production department and a service department and provide an example for the counterpart of a manufacturer’s “production” department in a bank.

Expert Solution & Answer

Explanation of Solution

Service department: A service department is a division in an organization which is not involved directly in producing the goods or services of an organization. But, the service department also offers a service that aids the organization to take place the goods or services that are produced. Example for a service department in a bank is the computer department or the human resources department.

Production department: On the other hand, the production departments are the divisions that are directly involved in the process of producing the goods and services of an organization. Example of a production department in a bank is the consumer loan department.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 17, Problem 1RQ

To determine

Differentiate between a production department and a service department and provide an example for the counterpart of a manufacturer’s “production” department in a bank.

Expert Solution & Answer

Explanation of Solution

Service department: A service department is a division in an organization which is not involved directly in producing the goods or services of an organization. But, the service department also offers a service that aids the organization to take place the goods or services that are produced. Example for a service department in a bank is the computer department or the human resources department.

Production department: On the other hand, the production departments are the divisions that are directly involved in the process of producing the goods and services of an organization. Example of a production department in a bank is the consumer loan department.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 17, Problem 1RQ

To determine

Differentiate between a production department and a service department and provide an example for the counterpart of a manufacturer’s “production” department in a bank.

Expert Solution & Answer

Explanation of Solution

Service department: A service department is a division in an organization which is not involved directly in producing the goods or services of an organization. But, the service department also offers a service that aids the organization to take place the goods or services that are produced. Example for a service department in a bank is the computer department or the human resources department.

Production department: On the other hand, the production departments are the divisions that are directly involved in the process of producing the goods and services of an organization. Example of a production department in a bank is the consumer loan department.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 17, Problem 1RQ

To determine

Differentiate between a production department and a service department and provide an example for the counterpart of a manufacturer’s “production” department in a bank.

Expert Solution & Answer

Explanation of Solution

Service department: A service department is a division in an organization which is not involved directly in producing the goods or services of an organization. But, the service department also offers a service that aids the organization to take place the goods or services that are produced. Example for a service department in a bank is the computer department or the human resources department.

Production department: On the other hand, the production departments are the divisions that are directly involved in the process of producing the goods and services of an organization. Example of a production department in a bank is the consumer loan department.

Answer 6

Chapter 17, Problem 1RQ

To determine

Differentiate between a production department and a service department and provide an example for the counterpart of a manufacturer’s “production” department in a bank.

Expert Solution & Answer

Explanation of Solution

Service department: A service department is a division in an organization which is not involved directly in producing the goods or services of an organization. But, the service department also offers a service that aids the organization to take place the goods or services that are produced. Example for a service department in a bank is the computer department or the human resources department.

Production department: On the other hand, the production departments are the divisions that are directly involved in the process of producing the goods and services of an organization. Example of a production department in a bank is the consumer loan department.

Answer 7

Chapter 17, Problem 1RQ

To determine

Differentiate between a production department and a service department and provide an example for the counterpart of a manufacturer’s “production” department in a bank.

Answer 8

Expert Solution & Answer

Explanation of Solution

Service department: A service department is a division in an organization which is not involved directly in producing the goods or services of an organization. But, the service department also offers a service that aids the organization to take place the goods or services that are produced. Example for a service department in a bank is the computer department or the human resources department.

Production department: On the other hand, the production departments are the divisions that are directly involved in the process of producing the goods and services of an organization. Example of a production department in a bank is the consumer loan department.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 17 - Prob. 1RQ Ch. 17 - Prob. 2RQ Ch. 17 - Should actual or budgeted service department costs...Ch. 17 - Prob. 4RQ Ch. 17 - Why does dual cost allocation improve the...Ch. 17 - What potential behavioral problem can result when...Ch. 17 - Should actual or budgeted service department costs...Ch. 17 - Explain the difference between two-stage...Ch. 17 - Define the following terms: joint production...Ch. 17 - Prob. 10RQ

Differentiate between a production department and a service department and provide an example for the counterpart of a manufacturer’s “production” department in a bank.

Differentiate between a production department and a service department and provide an example for the counterpart of a manufacturer’s “production” department in a bank.

Explanation of Solution

Want to see more full solutions like this?

Chapter 17 Solutions