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Achieving growth and profitability as a manufacturer takes a balancing act between the price of your product and how much it costs to manufacture it. The only way to increase your gross margin is to sell your product at a higher price or make it at a lower price.
For assistance implementing the manufacturing accounting strategies outlined in this paper, contact a Doeren Mayhew manufacturing CPA in Michigan, Houston and Ft. Lauderdale.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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