It depends wat the product is
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.
It has a lower opportunity cost for production of that good.
you product the cost
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
variable
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.
Cost of cocoa beans Scale of production Cost to convert to chocolate Cost of selling and distribution
It is not matter of decision by management, direct cost is that cost which is directly related with the production and separately identifiable with production volume while indirect cost is that cost which is not directly related with production volume and not separately identifiable.