G-III's licensed apparel consists of both women's and men's products in a range of categories. Its sells licensed brands, including Calvin Klein, Tommy Hilfiger, Karl Lagerfeld, Kenneth Cole, Guess?, Levi's and Cole Haan.
Difference between Cost Center & Internal Order. Internal orders are an excellent means of managing costs. Internal orders have many controls such as Execution profile, status profile, budget profile, plan profile etc to manage the costs. http://www.sap-img.com/financial/difference-between-cost-centers-and-internal-orders.htm Internal Orders are used for short term purpose like Trade Fairs, Job Fairs etc., where as Cost Centers are used for long term purpose to capture the day to day costs.
Period Costs vs. Product Costs. There are two types of expenses in managerial accounting: period costs and product costs. A period cost is defined as all costs in the profit and loss statement that is not a cost directly associated with a product, also known as âSales, General and Administrative costsâ (SG&A). A product cost is the total amount of cost that is directly associated with a product, also known as a cost of goods sold.