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Implementng a Costing Methodolody From Scratch = Baby Steps
If you were going to implement a methodology from scratch to ensure that you have correctly assigned costs to the products you make, would you know where to begin? I have done this with numerous...
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Excessive Precision. Too Much or Is It?
One of the ten things that cost accountants typically do wrong is worrying about excessive precision in the calculation of product costs all while they miss huge common sense and logical issues. As a...
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What Is The Primary Reason To Understand Your Product Cost?
I can answer that with one succinct statement: knowing your product cost is not so important for setting a price as it is to manage your costs for operational purposes. Cost based pricing has many...
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