Learn how to choose the right costing method to improve your business profitability.
There are many different costing methods and each method will result in a different answer. Costing is like turning on the lights in a business—it illuminates where money is being spent, what’s driving profitability, and where there’s room to improve. It is used for better decision-making.
Whether you are trying to determine pricing for a product or service, improve efficiency, control costs, produce compliance reporting, deciding where to invest, or trying to create a competitive advantage, proper costing is a critical part of management decision making. |
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