timer Asked: Apr 30th, 2013

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Assume that you work for a manufacturing company that manufactures blue jeans, and you have been tasked with explaining the companys cost flows. How do the manufacturing costs flow through your companys accounting system (capitalization to expiration)? Explain in 3-5 paragraphs. Be sure to distinguish between manufacturing and nonmanufacturing costs.

The "Marketing/Sales/Collection/Customer/Support Process: Recording and Evaluating Revenue Process Activities" chapter focuses primarily on revenue recognition activities. Prepare a brief summary (3-5 paragraphs) of the various revenue recognition concepts that are discussed. Address the implementation of these methods and their impact on the financials.

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