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The chain of production is the different stages involved in the production of a particular product :)

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15y ago

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What is value chain analysis in management accounting?

Value chain analysis is the process to determine which process of production is increasing the value of product and which is not so that the product manufacturing cost can be reduced by eliminating that process from the production chain.


What is tight value chain?

A tight value chain refers to a highly coordinated and efficient sequence of activities that a company undertakes to deliver a product or service. In this type of value chain, each step—from sourcing raw materials to production, distribution, and customer service—works seamlessly together, minimizing waste and maximizing value. This integration can lead to competitive advantages, such as cost savings and improved customer satisfaction, by ensuring that all parts of the process are aligned and responsive to market demands.


What is COG in suppply chain?

COG stands for cost of goods. Cost of goods are the direct costs attributable to the production of the goods sold by a company. This amount includes the cost of the materials used in creating the good along with the direct labor costs used to produce the good.


How is VAT collected?

Value Added Tax (VAT) is collected at each stage of the supply chain, from production to final sale. Businesses charge VAT on their sales (output VAT) and pay VAT on their purchases (input VAT). The difference between the output VAT collected and the input VAT paid is remitted to the tax authorities. This system ensures that VAT is levied on the value added at each stage of production and distribution.


What is the purpose of production budget?

purpose of production budget