Differentiate between a production department and a service department and provide an example for the counterpart of a manufacturer’s “production” department in a bank.

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 17, Problem 1RQ

To determine

Differentiate between a production department and a service department and provide an example for the counterpart of a manufacturer’s “production” department in a bank.

Expert Solution & Answer

Explanation of Solution

Service department: A service department is a division in an organization which is not involved directly in producing the goods or services of an organization. But, the service department also offers a service that aids the organization to take place the goods or services that are produced. Example for a service department in a bank is the computer department or the human resources department.

Production department: On the other hand, the production departments are the divisions that are directly involved in the process of producing the goods and services of an organization. Example of a production department in a bank is the consumer loan department.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

G Company budgets sales of $2,250,000, fixed costs of $62,900, and variable costs of $280,600. What is the contribution margin ratio for G Company?

Cost account tutor solve this

Ownership and profit distribution in a sole proprietorship are generally seen on its balance sheet, respectively, as: a. A personal capital account and dividends b. Common stock and dividends c. Common stock and withdrawals d. A personal capital account and withdrawals

Answer 2

Question

Chapter 17, Problem 1RQ

To determine

Differentiate between a production department and a service department and provide an example for the counterpart of a manufacturer’s “production” department in a bank.

Expert Solution & Answer

Explanation of Solution

Service department: A service department is a division in an organization which is not involved directly in producing the goods or services of an organization. But, the service department also offers a service that aids the organization to take place the goods or services that are produced. Example for a service department in a bank is the computer department or the human resources department.

Production department: On the other hand, the production departments are the divisions that are directly involved in the process of producing the goods and services of an organization. Example of a production department in a bank is the consumer loan department.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 17, Problem 1RQ

To determine

Differentiate between a production department and a service department and provide an example for the counterpart of a manufacturer’s “production” department in a bank.

Expert Solution & Answer

Explanation of Solution

Service department: A service department is a division in an organization which is not involved directly in producing the goods or services of an organization. But, the service department also offers a service that aids the organization to take place the goods or services that are produced. Example for a service department in a bank is the computer department or the human resources department.

Production department: On the other hand, the production departments are the divisions that are directly involved in the process of producing the goods and services of an organization. Example of a production department in a bank is the consumer loan department.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 17, Problem 1RQ

To determine

Differentiate between a production department and a service department and provide an example for the counterpart of a manufacturer’s “production” department in a bank.

Expert Solution & Answer

Explanation of Solution

Service department: A service department is a division in an organization which is not involved directly in producing the goods or services of an organization. But, the service department also offers a service that aids the organization to take place the goods or services that are produced. Example for a service department in a bank is the computer department or the human resources department.

Production department: On the other hand, the production departments are the divisions that are directly involved in the process of producing the goods and services of an organization. Example of a production department in a bank is the consumer loan department.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 17, Problem 1RQ

To determine

Differentiate between a production department and a service department and provide an example for the counterpart of a manufacturer’s “production” department in a bank.

Expert Solution & Answer

Explanation of Solution

Service department: A service department is a division in an organization which is not involved directly in producing the goods or services of an organization. But, the service department also offers a service that aids the organization to take place the goods or services that are produced. Example for a service department in a bank is the computer department or the human resources department.

Production department: On the other hand, the production departments are the divisions that are directly involved in the process of producing the goods and services of an organization. Example of a production department in a bank is the consumer loan department.

Answer 6

Chapter 17, Problem 1RQ

To determine

Differentiate between a production department and a service department and provide an example for the counterpart of a manufacturer’s “production” department in a bank.

Expert Solution & Answer

Explanation of Solution

Service department: A service department is a division in an organization which is not involved directly in producing the goods or services of an organization. But, the service department also offers a service that aids the organization to take place the goods or services that are produced. Example for a service department in a bank is the computer department or the human resources department.

Production department: On the other hand, the production departments are the divisions that are directly involved in the process of producing the goods and services of an organization. Example of a production department in a bank is the consumer loan department.

Answer 7

Chapter 17, Problem 1RQ

To determine

Differentiate between a production department and a service department and provide an example for the counterpart of a manufacturer’s “production” department in a bank.

Answer 8

Expert Solution & Answer

Explanation of Solution

Service department: A service department is a division in an organization which is not involved directly in producing the goods or services of an organization. But, the service department also offers a service that aids the organization to take place the goods or services that are produced. Example for a service department in a bank is the computer department or the human resources department.

Production department: On the other hand, the production departments are the divisions that are directly involved in the process of producing the goods and services of an organization. Example of a production department in a bank is the consumer loan department.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 17 - Prob. 1RQ Ch. 17 - Prob. 2RQ Ch. 17 - Should actual or budgeted service department costs...Ch. 17 - Prob. 4RQ Ch. 17 - Why does dual cost allocation improve the...Ch. 17 - What potential behavioral problem can result when...Ch. 17 - Should actual or budgeted service department costs...Ch. 17 - Explain the difference between two-stage...Ch. 17 - Define the following terms: joint production...Ch. 17 - Prob. 10RQ

Differentiate between a production department and a service department and provide an example for the counterpart of a manufacturer’s “production” department in a bank.

Differentiate between a production department and a service department and provide an example for the counterpart of a manufacturer’s “production” department in a bank.

Explanation of Solution

Want to see more full solutions like this?

Chapter 17 Solutions