One of the Main Differences Between the Calculation of Cost

question 174

Short Answer

One of the main differences between the calculation of cost of goods sold for a merchandiser and that of a manufacturer is that the calculation includes cost of goods purchased for the merchandiser, but the manufacturer replaces that with ________.

---

Definitions:

Authority

The power or right to give orders, make decisions, and enforce obedience.

Social Institutions

Systems and structures within society that shape the activities of groups and individuals.

Structures

The arrangement or organization of interrelated elements in a material object or system, also applicable to abstract entities like societies.

Society

A group of individuals involved in persistent social interaction, or a large social group sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.