When you manufacture products, you can use a strategy of establishing prices based on what they cost to make. If you add a markup percentage to that cost, you can predict your prices and know that you ...

Standard costing is an accounting technique that breaks overspending and underspending on materials, labor and overhead cost into their price and quantity components. For example, a manager may notice ...

Plastics processors are fortunate to have several options for managing and calculating costs. In part one of this series, we discussed the benefits of a production profit contribution model. This ...