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 ?
FACTON EPC enables standardized, enterprise-wide costing independent of location and department for maximum product cost transparency throughout every phase of the product life cycle.
Prior to Lattice, O'Rourke was Corporate Vice President of Supplier Management, Technology & Product Cost Center at Xilinx, Inc.
The business is simple to operate, very low product cost, no spoilage of product, easy set f product, easy daily set up & close out, choose your own schedule/hrs, mobile so you go where the crowds are & overhead is low.
Today, depreciation expense is typically assigned to product cost, just the way it was 100+ years ago when the technology life cycle was 20 years or more.
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.
-- Net income grew nearly 7% during the third quarter at Publix Super Markets Inc., outpacing top-line growth that benefited in part from escalating product cost inflation.
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.
The EQ Planning & Development Division and the Value Analysis Development Division will be reorganized into the Product Cost Planning Division.
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.

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