product cost

product cost

the total cost of making a product which comprises its DIRECT MATERIALS cost and its DIRECT LABOUR cost plus its OVERHEAD cost. Product costs may be based upon the actual costs incurred in making products or the anticipated costs of making products in some future period. See STANDARD COST.
References in periodicals archive ?
Jordan, who provides consulting and training services in the areas of financials and controlling, explains how manufacturing and service companies can use SAP (Systems Applications and Products) for product cost controlling.
The aPriori product cost management platform provides manufacturers with real-time cost information on parts and complete products.
An enterprise product cost-management software platform has added the capability to deliver timely and actionable product cost and profitability data to engineering, manufacturing, and sourcing departments.
The site provides valuable resources and content to help manufacturers accelerate their product cost management initiatives as well as their aPriori implementations.
Many North American HDCI participants rely on cost accounting manuals created by the Wood Component Manufacturers Association (WCMA) to gain knowledge about product cost calculation (Kennedy and Noltemeyer 1965, Carroll 1985).
aPriori, a provider of enterprise product cost management software solutions, has announced that Iveco, part of Fiat Group, has deployed aPriori's software platform to set, track and meet target costs across its product design process.
Provider of product cost management software solutions aPriori announced on Monday that Toyota Industrial Equipment Manufacturing (TIEM) has selected the aPriori software platform in order to reduce current product part costs.
EPS") is pleased to present a webinar on the EPS Product Cost Management system for the semiconductor industry with the participation of Diodes Inc.
Product cost information may be used in pricing and reaching other short-term operational decisions (such as those relating to special order, outsourcing, and product elimination).
5 Product Cost Management software platform(C)1995-2009 M2 COMMUNICATIONS LTD http://www.
manufacturing has become a much smaller percentage of total product cost, many companies have employed supply chain management to reduce the material content of their product cost.
Yakley is responsible for leading Leach's technical Bruce Yakley and production resources, driving continuous improvement, and controlling product cost while ensuring optimum quality.

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