Labor can account for the largest expense of manufacturing products. You should always keep track of your labor cost per unit to make sure that wages are not growing faster than profits. To do this, ...

Identify cost driver for the overhead cost, and the total amount of cost driver in a multi-product production or multi-service offering. A cost driver is a business activity responsible for change in ...

The world of microeconomics and business decision-making hinges upon a key concept: marginal cost. In the simplest terms, marginal cost represents the expense incurred to produce an additional unit of ...

The next time you go shopping, make sure you're getting the best deal by calculating the cost per unit. To figure out the cost per unit, you need to divide the price of the item by the amount of ...

Discover essential methods for calculating business costs and their tax implications. Learn how accountants and producers ...

A two-day workshop this December in Gordon will provide a hands-on learning experience for producers to learn how to calculate unit cost of production for a cow-calf operation. Having information to ...

Last month, we discussed how you could get better control of the equipment you own and rent. This month, we’re going a step further by offering up a couple of ways to collect and analyze the data.