Briefly describe the difference between a manufacturing and a nonmanufacturing cost


A manufacturing cost is a cost incurred in the factory as a result of the production process. Manufacturing costs consist of direct materials, direct labor, and overhead. These costs are often called product costs because the costs attach themselves to the product and are considered to be inventory on the balance sheet until the product is sold. Nonmanufacturing costs are incurred outside of the factory. These costs are often called period costs and are expensed on the income statement in the period when incurred.

Business

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Negotiators should avoid using mismatched strategies and tactics. What will likely happen when a negotiator uses overly distributive tactics in a fundamentally integrative situation?

What will be an ideal response?

Business

Which of the following is NOT an accurate statement about non-media connectors?

A) NMCs can be ordinary people. B) The Internet has spurred a rise in the number of NMCs. C) All NMCs are industry professionals or celebrities. D) NMCs spread a marketer's message voluntarily. E) NMCs drive consumer-generated marketing.

Business

Premier luxury goods are distributed through a selective distribution strategy

Indicate whether the statement is true or false

Business

In which of these situations can an employee sue an employer to recover employment-related injuries?

A) The employer is self-insured. B) The employer unintentionally injures a worker covered under workers' compensation. C) The employee suffers an injury at work premises that is not related to work. D) The employer intentionally injures a worker covered under workers' compensation.

Business