chapter  4
Product Cost
ByJoyce I. Warnacut
Pages 30

At first blush, this seems like a simple question with a simple answer. We need to know what it costs us to make a product for a lot of reasons. We need to know if we are making money. We need to know how to price it. We need to value inventory. We need to decide if we can out-source it cheaper than we can make it. We need to know if we are making it efficiently.