At Westonci.ca, we provide clear, reliable answers to all your questions. Join our vibrant community and get the solutions you need. Get expert answers to your questions quickly and accurately from our dedicated community of professionals. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

Why is it important for manufacturing companies to know the manufacturing cost of each of the products they make

Sagot :

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.