Companies that are part of an industry of 'service providers' are ____________?
Correct answer: C. service sector companies
- A. manufacturing sector companies
- B. merchandising sector companies
- C. service sector companies
- D. raw material companies
Explanation
An industry made up of businesses that provide services is the service sector. Manufacturing companies produce goods, whereas merchandising companies buy and resell goods.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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If the total manufacturing cost is $60000 and the total units manufactured is 3000 units, then the per unit cost will be ____________?
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An inventory which consists of stock waiting to be used In the process of manufacturing is known as ___________?
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