Marketing, company, and cost classifications

Production is the creation of utilities. A utility is something useful and can be either a tangible or an intangible product (service). 

1. Describe the basic differences in marketing tangible from intangible products.

Also, think about your current/past employer (or any company of your choice). 2. Provide a brief overview of the company, including whether it is a service, retail, or manufacturing company.  Identify some of the expenses that are incurred by the company and determine how each of these expenses would be classified using the terminology below. 

3. Then discuss why these cost classifications are important in Managerial Accounting?

Terminology listed below for extra help-  

Websites for terminology-  https://www.accountingtools.com/articles/what-are-the-functions-of-managerial-accounting.html 

 and what is Managerial Accounting?  https://saylordotorg.github.io/text_managerial-accounting/s05-what-is-managerial-accounting.html 

Cost Classifications-

 https://www.accountingtools.com/articles/cost-classification.html 

Manufacturing and Nonmanufacturing-

 https://www.accountingverse.com/managerial-accounting/cost-concepts/manufacturing-and-nonmanufacturing.html 

Prime cost and conversion-

 https://www.accountingverse.com/managerial-accounting/cost-concepts/prime-and-conversion.html 

What is the difference between product cost and period cost-

 https://www.accountingcoach.com/blog/product-cost-period-cost 

Please be sure to validate your opinions and ideas with intext citations and references in APA format.