The amount it takes to produce or manufacture goods or services. An example would be the materials to produce a doll.
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Sep 28, 2010 ... Product cost is the cost of direct labor, direct materials, and manufacturing overhead that are consumed to create a product. Product cost can ...
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Product Costs. Accountants prepare product costs to serve two purposes: Decision making by managers, and external reporting. Decision making product costs ...
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How do I compute the product cost per unit? What are conversion costs? What is variance analysis? the accounting coach. About the Author: Harold Averkamp ...
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Definition of product cost: The sum of all costs associated with the production of a specific quantity of a good or service.
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“In fact there is no single correct (product) cost figure” (Walker 1999). Product costs are always calculated from the financial transaction data of the cost centers of ...
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Reduce Your Product Costs with aPriori; get real-time product cost assessments throughout the entire development and production proces.