asked 157k views
10 votes
Why is it important for manufacturing companies to know the manufacturing cost of each of the products they make

asked
User Daegalus
by
7.0k points

1 Answer

11 votes

Answer:

Manufacturing cost per unit is important to monitor. These, in many ways, represent the efficiency of the production process. If labor, material, or overhead costs appear too high then action must be taken. You must change and balance all of these costs to maximize shareholder value.

answered
User Bower
by
8.3k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.