Q1: What are the unique characteristics of Thor Industries income statement and balance sheet that give clear evidence that this company is a manufacturer?
Q2: If a company was a merchandising company, how would their income statement and balance sheet differ from or be similar to Thor Industries?
Q3: If a company was a service company, how would their income statement and balance sheet differ from or be similar to Thor Industries?
Q4: Thor Industries manufactures Airstream. Based on the factory tour pictures/video on the website, you can observe many product related costs being incurred as they build their products. Describe 6 specific product costs that Airstream incurs to build their iconic recreational vehicles. Indicate whether they would normally be considered direct material, direct labor or manufacturing overhead.
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