Support capital is also either short lived or long

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Unformatted text preview: Management Accounting for Managers • Chapter 1 Page 4 Copyrighted Material. Do not reproduce without written permission. Land Land is the simplest of the three resources. Unlike the other two, it has no subclassifications. It can be somewhat complicated for agricultural firms or companies in the extraction industries (oil, coal, etc.), but it general, it consists of the properties on which a company’s plants and offices are located. Labor Labor can be sub-classified into mission (sometimes called production) and support. Mission labor is comprised of the individuals who actually manufacture the organization’s products or deliver its services—that is, personnel who are directly associated with the organization’s main mission. Support labor consists of everyone else in the organization. It can be sub-divided between direct support and general support. Direct support consists of the activities that take place within any given production department (e.g., scheduling production in a factory or providing secretarial support for a researc...
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This document was uploaded on 03/30/2014.

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