MANUFACTURING COSTS: CONCEPT AND COMPONENTS

 

The cost information plays an important role in every organization within the decision-making process. An important task of management is to ensure the control over operations, processes, activity sectors, and not ultimately on costs. Although in reaching the goals of an organization compete many control systems (production control, quality control and stocks control), the cost information system is important because it monitors the results of the others. The detailed analysis of costs, the calculation of production cost, the loss quantification, the estimating of work efficiency provides a solid basis for the financial control.

Cost vs. Expense - What is the Difference?

Cost of Classification | Definition and Explanations

Cost Behaviour: Fixed, Variable and Mixed Cost

Direct Costs vs. Indirect Costs: What Are They, and How Are They Different?

Manufacturing Costs

What are nonmanufacturing overhead costs?

The Flow of Cost for a Manufacturer

How Are Period Costs and Product Costs Different?

What is Cost of Goods Manufactured (COGM)?

Income Statements for Manufacturing Companies

Regards from me;

Sanisah Hanim Jiman