Unlock the truth about cost in manufacturing and learn how to turn expenses into clear profits.
This book explains why traditional cost methods misallocate expenses and shows a proven approach for accurate cost finding. With practical guidance drawn from extensive factory experience, it helps executives and managers understand how to apply cost engineering to real-world operations.
This edition frames the what, why, and how of cost systems, highlighting how to measure production cost, distribute expenses correctly, and rely on records and practices that reflect actual performance. It speaks to leaders who want to improve profitability by identifying weak points, reducing unseen losses, and making informed pricing decisions.
What you’ll experience
- Clear explanation of the principles behind cost engineering and why they matter.
- Guidance on building a cost system tailored to a factory’s unique conditions.
- Discussion of auxiliaries like perpetual inventories and machine records to boost accuracy.
- Insight into how trustworthy cost data supports fair pricing and better management decisions.
Ideal for readers of business management, operations, and manufacturing who want practical methods to improve cost control and profitability.The book title appears here in this context as a reference to the work; its core message is to equip managers with a reliable, tested approach to cost accounting that reflects true production costs and eliminates guesswork.