Question

Manufacturing activities of a company are described in the . This schedule summarizes the types and amounts of costs incurred in its manufacturing.

Short answer

Manufacturing statement and process (or activities).

Step-by-step solution

 Step 1: Meaning of Manufacturing Business

A manufacturing business can be defined as a business that uses many operations to convert unprocessed material using various components and manufactures the finished goods.

Filling in the blanks

The manufacturing activities of a company are described in themanufacturing statement. This schedule summarizes the types and amounts of costs incurred in its manufacturing process (or activities).

A manufacturing statement lists all the manufacturing activities and associated expenses. It is also known as a schedule of manufacturing activities or the schedule of cost of goods created.