As a manufacturer, you likely know what your material and labor costs are, and price your products to appropriately capture them. But are equipment and overhead accurately factored in to your prices? If you are basing these costs on labor hours/dollars or equipment time, then maybe not.
Getting a firm grasp on your true costs not only helps ensure you are pricing products profitably, but also serves as a decision tool, identifying your most profitable areas of the business. To help ensure your pricing fully captures your costs, Doeren Mayhew’s manufacturing accounting professionals offers product costing for manufacturers.
During our product costing analysis, our specialists will:
The process will result in a report outlining issues discovered and recommendations for resolving them.
Wondering if you should be considering product costing? Our manufacturing accounting professionals offer seven signs you need a product costing analysis.
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