The companies that buy the raw materials and convert them into the finished goods for customers are a part of ____________?
Correct answer: A. manufacturing sector companies
- A. manufacturing sector companies
- B. merchandising sector companies
- C. service sector companies
- D. raw material companiesCompare Credit Cards
Explanation
Manufacturing companies purchase raw materials and transform them into finished goods. Merchandising companies resell goods without manufacturing them, while service companies provide services rather than physical products.
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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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