you product the cost
Main purpose of cost of production report is to find out the cost of units produced in a batch processing unit where production goes on without any interruption and where it is hard to find out the cost of units produced.
By Production Cost Report, the Company can find out ways and means to reduce expenditure those will not ultimate compromise with the quality of the product.
cost of production formula
production cost, selling cost and sundry cost
cost of production is the amout of money spend on the production of a perticular comodites.
cost of direct labor is the total cost of workers involve in production divided by normal capacity is per unit direct labor cost.
It has a lower opportunity cost for production of that good.
Because the production manager's salary remains the same, regardless of the production level, this salary is a fixed cost, not a variable cost.
If it varies with the level of production then it is variable cost otherwise it is fixed cost.
suggestion on cost saving or production improvement initiatives
Cost of cocoa beans Scale of production Cost to convert to chocolate Cost of selling and distribution
Periodic cost is that cost which donot related with production of units and it must be incurred no matter production is done or not like depreciation.