Welcome to this week's discussion! Let's start off with a few questions. Would a traditional income statement differ depending on whether the business is a service organization, a merchandiser, or a manufacturer?

Could we use managerial accounting tools to assess the profitability of an organization other than a manufacturing business, or are the topics that we are learning only related to manufacturing?

If we could use these concepts in service and merchandising businesses, how would we go about doing so?

what is the largest cost of service?

What kind of cost they are? variable , fixed or both?