Posts Tagged ‘Product Cost’

Beware Unit Cost Traps

Recently in an online cost management forum, someone contributed a story to show the danger of a particular costing methodology. However, his conclusion was misdirected. The story went something like this: There was an old baker who became ill and had to go to the hospital. His son came home from the university to keep […]


Product Cost: What Is The real cost?

When it comes to determining the cost of a product, the answer will vary by who you ask. The answer depends on the background and objectives of the expert.