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How much cost that can be consumed by the company to produce high quality product?

All the cost belong to you, for great justice.


What is the difference between traditional based costing and target costing?

Traditional Cost Accounting System: In this system company first produce the product and then determine the cost of production and then try to sell that product at price covering that cost plus certain percentage of markup on cost.Target Costing: In this system first of all company determines the value of product in the eyes of customer that is how much a customer is willing to pay for the product and then if cost of production of that product is more then the customer willing to pay then company makes analysis of how they can reduce the cost of production to the level of cost a customer willing to pay by reducing the components of product which is costing towards final price but not giving any value to customer and in this way company tries to acheive the target cost customer willing to pay.


What is the best BPM software and how much does it cost?

TIBCO Software Inc. is known to be the best in BPM software. Inquire within the website to find the cost of this product.


What is the difference between cost accounting and cost management?

For retail companies, computing cost of goods sold is a fairly straight forward process. Beginning inventory + purchases - ending inventory = COGS. For manufacturing firms, however, that simple formula won't work. They have to compute how much something cost to build, which can be extremely complicated. Hence, cost accounting evolved for manufacturing companies.


Is electricity a direct or indirect cost?

It depends on various situations, if electricity is utilizing in factory for producing units of product then it is direct cost as much time work continues in factory as much electricity requires, but if it is in office room which has not concern with factory environment then it is not direct cost

Related Questions

Why do you think companies are concerned about how much money it cost to make a product?

why are companies concerned about how much a product cost to make


How much does it cost to internationally distribute Coca-Cola?

999$


How much does stevia cost?

The cost of Stevia varies from the particular product to the companies that sell them. Take a look at www.steviasmart.com and see some of the better prices for Stevia products that you can trust.


How much does it cost to produce and distribute 50000 copies of a 500 page phonebook?

8 bucks


How much do products from Calumet normally cost?

The price of products from Calumet would typically depend on what type of product you are purchasing. Calumet is a name of a city in Pennsylvania and also the name of a few companies.


How much does it cost to get a product patented?

At least $5000.00 to $10000.00


How much does ununhexium cost?

Ununhexium cannot be a commercial product.


How much would lawrencium cost?

Lawrencium is not a commercial product.


What is the difference between production and selling costs?

production cost are how much it is to make the product and selling cost are how much you sell it for


Can fixed and variable cost be applied to pharmaceutical companies?

Fixed cost would be the absolutely huge amount of money companies like Pfizer and Johnson & Johnson spend on research and development is all fixed cost because no matter how much of the product the sell, it will not change based on the amount of a particular drug you sell.Variable cost are relatively low for the pharmaceutical industry mostly because the cost for raw materials needed to create the drug is low.


How much does a courier cost to deliver?

The cost would depend on a many different variables. The cost would be affected by the type of product delivered, how the product is delivered, how far the courier must travel to deliver the intended product.


How much does the thinnest laptop cost?

How much does the thinnest laptop cost? I would like to know the in what stage of the product life cycle are laptop computers? How much does the thinnest laptop cost? I would like to know the in what stage of the product life cycle are laptop computers?