Product costing is a methodology associated with managerial accounting, i.e., accounting intended to serve management in an operational context rather than to measure corporate performance as such, ...

Product costing is the process of assigning costs to inventory and production based on the expenses that go into producing or buying inventory. It is an especially important process for manufacturers, ...

The supply chain disruptions that characterize the COVID-19 pandemic can wreak havoc with profitability. As sources of supply constantly shift, it’s difficult for the product engineers, cost ...

Activity-based costing (ABC) is an accounting method that allows businesses to gather data about their operating costs. Costs are assigned to specific activities—planning, engineering, or ...

Clariant and Mibcon NDC sign a cooperation agreement to improve and automate the product costing forecasting process by cooperating on the development of a standardized SAP application for the ...

A budget is necessary to plan how much your business should spend on expenses and how much revenue it will have to cover those expenses. The budget needs to include all the likely expenses to ...

I’m always surprised to see how much emphasis so many managers, especially those with a financial background, put on the development cost for their new product projects. I’m not saying cost isn’t ...