A product pricing is calculated as -
- Raw Material Cost (A)
- Production Cost (B) : this is usually labour charges
- Trims & Packaging (C)
- Overheads (D)
- Margin (M)
Total cost of product is the sum of all these components : A + B + C + D + M
How is product costing calculated? Print
Modified on: Fri, 6 Oct, 2023 at 12:03 PM
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