Product Manufacturing Costing
Why Do You Enroll?
People enroll in the Product Manufacturing Costing course to gain essential skills in calculating and managing production costs. This knowledge helps them make better pricing, budgeting, and operational decisions. It’s valuable for professionals in manufacturing, finance, and management, as well as entrepreneurs, enabling them to optimize costs, improve efficiency, and enhance profitability in their businesses.
Key Topics Covered
1- What is the Product Cost ?
2- RM Cost.
3 – Direct Material Cost.
4 – Direct Labor Cost.
5 – Factory Overheads Cost.
...Course Details
Product Cost Formula = Direct Labor + Direct Material + Factory Overheads.
Product Manufacturing Costing is the process of calculating the total expenses incurred in producing a product. It includes direct costs such as raw materials and labor, as well as indirect costs like factory overhead, machine depreciation, and administrative expenses. This costing helps businesses determine the selling price, profitability, and efficiency of their manufacturing processes.
Examples of Product cost mainly include the following expenses:
Direct material (DM)
Direct labor (DL)
Factory overheads (FOH)
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