Discussion Post: Marketing, Company, and Cost Classifications
Production is the creation of utilities. A utility is something useful and can be either a tangible or an intangible product (service).
I. Describe the basic differences in marketing tangible from intangible products. Also, think about your current/past employer (or any company of your choice).
II. Provide a brief overview of the company, including whether it is a service, retail, or manufacturing company. Identify some of the expenses that are incurred by the company and determine how each of these expenses would be classified using the terminology below.
III. Then discuss why these cost classifications are important in Managerial Accounting?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.