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manufacturing vs service

Published on Dec 07, 2015

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MORE DECKS TO EXPLORE

PRESENTATION OUTLINE

1.

manufacturing vs service

mr. melkonian
Photo by Cory M. Grenier
2.

service industry

earns revenue selling services
Photo by roger jones
3.

merchandise indutry

earns revenue by selling goods
Photo by TerryJohnston
4.

extra expense for manufacturers

cost of goods sold
Photo by JD Hancock
5.

income statement formula difference

main factor is cost of goods!
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6.

goods purchased for resale

current asset- merchandise inventory
Photo by stevendepolo
7.

merchandise vs manufacturing

Photo by Zieg3rman
8.

MANUFACTURING business

makes things and sells it to....
Photo by Pierre Metivier
9.

merchandising business

these guys sell it for profit
Photo by cammy♥claudia
10.

important differences in formula

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11.

figuring out cost of purchases is straighforward

cost of goods manufactured on the other hand....
12.

start with raw materials

end with something that can be sold
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13.

along the way, there are a lot of expenses

cost accounting - try to control your expenses
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14.

raw materials

sand, lime, soda
Photo by Justin in SD
15.

raw materials to make this??

Photo by Sergey Galyonkin
16.

direct labour

pay your workers 
Photo by · · · — — — · · ·
17.

factory overhead

includes a few things...
Photo by vgm8383
18.

indirect labour

wages who support manufacturing process (janitor)
Photo by Anomalily
19.

goods in process

has some raw material, labour/overhead, applied to it.. but it's not complete yet
Photo by PistigriloXP
20.

balance sheet differences

how they report inventory
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21.

test monday, april 13, chapter 11 (no 11.7)

Peter Melkonian