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Q: Transportation costs incurred by a manufacturing company to ship its product to its customers would be classified as which of the following a. Product cost b. Manufacturing overhead c. Period cost?
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How does transportation add value to a manufacturing or distribution firm?

The manufacturer needs transportation twice: it needs the raw material or semi-finished goods used in its production, and its finished product has to be delivered to the distributor. The distributor could not supply its customer, the wholesaler or retailer, without a delivery system of its own. The value then is established by their respective price they charge their customers less expenses, which include the cost of the transortation system they use.


Why is Research and development important in manufacturing industries?

Research and development (R&D) allows Canada to participate in new markets and industries, and lets Canadian businesses offer their customers new or improved products, processes and services.


What is supplyand demand?

Supply is the amount of a product that companies are manufacturing. Demand is the amount of a product that customers wish to purchase. When people talk about supply and demand they normally refer to supply and demand curves, and where they intersect is the market equilibrium price and quantity of the product offered. As price increases, companies will want to supply more of a product to make more money, but customers will demand less because they are less willing to pay higher prices for a product. (By product, I mean good and services)


Is E operations boon or bane to the Indian manufacturing sector?

This suppose to Anna university Assignment question! Bad luck guys its a tough time to find out the answer! I tried to answer: E-Operation is boon to Indian Manufacturing sector E-Operation is concerned with the use of the Internet and e-business technologies in manufacturing industries. It covers all aspects of manufacturing - sales, marketing, customer service, new product development, procurement, supplier relationships, logistics, manufacturing, strategy development and so on. The Internet also affects products as well since it is possible to use Internet technologies to add new product functions and to provide new services. Indian Manufacturing companies are using the Internet successfully for many different purposes. The scope of applications is large. Certain applications such as supply chain management, procurement, trade exchanges, and of course on-line sales have attracted a lot of attention in the press. However, this should not blind people to the fact that the Internet and e-business technologies can be used to support all aspects of manufacturing enterprises' activities. The challenge is to find the right application at the right time. Application of the Internet is not a one-off project, but a journey that involves dealing with technologies, strategies, business processes, organization and people. Success will come to those firms adopting an integrated approach driven by business needs and opportunities. Top concerns for CEO's in today's Indian manufacturing business environment are: * the threat posed by competitors; * controlling costs; * finding new opportunities; and * improving responsiveness; * better customer focus and service. E-Operation is capable of delivering these benefits. Manufacturing business of all sizes in all sectors are using the Internet in many different ways - to work with partners and suppliers, for procurement, for internal activities such as knowledge sharing and new product development, and much more. Companies such as United Technologies, General Electric and many others are reporting benefits from the use of the Internet. These benefits include: * improved speed of response; * cost savings; * improved communications, information and knowledge sharing; * reductions in inventory; * improved efficiency and productivity; * harmonization and standardisation of procedures; * better transfer of best practices; * acquisition of new customers and increased sales; * Improved customer service. However the benefits are achieved not by technology (which is an enabler) but by addressing strategy, technology, organization, people and business processes as an integrated whole and making changes in all these dimensions. The Internet is just like other information technologies - change management, good implementation practices and clear business objectives are required in order to reap the full benefits.


What is Freight In and Freight Out?

Freight in is the transportation cost associated with the delivery of goods from a supplier to the receiving entity.Freight out is the transportation cost associated with the delivery of goods from a supplier to its customers. This cost should be charged to expense as incurred and recorded within the cost of goods sold classification on the income statement.

Related questions

How are manufacturing and non-manufacturing location decisions similar Different?

Firms usually consider a wider range of geographic location. Both manufacturing and non-manufacturing ought on getting a better location which is accessible, more flamboyant, simple, and considers supply chain. One of the difference the two possesses is that manufacturing considers locating on areas near or at the source of raw materials to regard necessity, perishability and transportation costs, while non-manufacturing (e.g. service concern) firms consider locating on areas which their customers find it comfortable and reachable.


Why might a manufacturing organization use toll-free numbers?

A manufacturing organization might use toll-free numbers for sales and customer service to encourage customers and potential customers to contact them, knowing the call is free.


A business that purchases a product from another business to sell to customers is called a?

manufacturing business


Who are the primary customers of manufacturing business?

the people in the community and other surrounding areas, the peoplr.


What is accountant job?

what is the cost accounting system used by a contract manufacturing a number of identical units for multiple customers


What is job order accounting?

what is the cost accounting system used by a contract manufacturing a number of identical units for multiple customers


What is different between loan license and contract manufacturing?

The difference between loan licensing and contract manufacturing is that a loan licensing business has the ability to give out loans to their customers. A business that seeks out a contract manufacturer is looking for a company to manufacturer his or her products.


What are us companies that participate in the manufacturing sector focusing on?

U.S. companies that play a role in manufacturing are focused on many different factors. These companies are working to keep up with the demands of their customers and are concerned with growing their market through advanced products.


Which company in Noida offers the best tower hoist services?

Jayem Manufacturing Company is the best construction material equipment supplier in Noida, Delhi, and Gurugram that provides excellent services to their customers through their products.


Which services are offered by the NJ manufacturing insurance?

New Jersey Manufacturing Insurance Group offers a variety of services and products for its customers. Some of the services offered by this company include auto insurance, home owner's insurance, and mortgage loans.


How to get the best QMS for manufacturing industries?

In the manufacturing industries, manufacturers always seek the innovative ways to improve productivity and operating margins and to keep up with the ever-increasing and expectation from their customers. Qualityze quality management software for manufacturing provides the procedures, processes, structure and resources necessary to streamline manufacturing. This software enables the manufacturers to monitor and control the quality and also helps in ensuring that products meet the customer quality requirements.


Why is there a need for manufacturing?

Need of ManufacturingPeople need various kinds of goods. The resources are not available in the form that will meet the needs and wants of people. So you need a transformation of resources to meet the needs and Wants of Customers. The transformation process is called manufacturing. Brahmajyothi