Specialized Math: Calculating Production Costs
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Specialized Math: Calculating Production Costs

ej4
Updated Apr 29, 2020

For businesses that sell products, knowing how to calculate the cost associated with creating those products is a vital part of understanding how to reduce costs and maximize profits. Here we'll cover the two kinds of production costs: fixed costs and variable costs. Then we'll use that information to calculate unit costs and do a break-even analysis.