Posts Tagged ‘unit 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 […]


You and Your Business Cost Management – Use Standard Cost or Not

Recently in a professional forum, a member blasted standard costs as being bad for business cost management. I think he was confusing a tool with how some have used the tool.