Business Functions in Manufacturing

Front

What are the typical business functions in a manufacturing concern?

Back

1. Production cost centres 2. Service cost centres 3. Administration department 4. Marketing department

Front

What activities occur during the production and post-production phase?

Back

1. Source/Purchase materials 2. Processing 3. Finished goods 4. Store 5. Administration 6. Marketing 7. Finance

Front

What is the purpose of classifying costs into production and non-production costs?

Back

To differentiate between costs that are directly associated with the manufacturing process and those that are not.

Front

How are production costs classified?

Back

1. Prime Cost 1.1 Direct materials 1.2 Direct labor 1.3 Direct expenses 2. Production overheads

Front

How are non-production costs classified?

Back

1. Administration overheads 2. Marketing overheads 3. Financial overheads.