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Overcosting or undercosting directly impacts the accuracy of the bill of materials (BOM) by distorting the true cost of production. Overcosting can inflate the perceived expenses, leading to higher pricing and potential loss of competitiveness, while undercosting can result in underestimated expenses, which may cause financial strain when actual costs exceed projections. Both scenarios can mislead decision-making regarding inventory management, pricing strategies, and resource allocation. Ultimately, accurate costing is essential for effective budgeting and financial planning in manufacturing.

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1mo ago

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