Costing for internal decision support requires a much different approach and perspective than the traditional costing done to support financial statements. Though costing will not be bound by ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Suzanne is a content marketer, writer, and ...

The calculation for total manufacturing cost involves a detailed accounting for the costs of materials, labor and overhead. It requires a realistic analysis of a company's various departments to show ...

You may believe that you have the actual cost of production for your products, but if you're not using activity-based costing (ABC) methods, you probably don't have the correct information and could ...

External financial reporting standards are inconsistent with the essential principle for costing for internal decision support: The reflection of cause and effect relationships. The signs that your ...

Is offshore manufacturing causing the U.S. to lose the cornerstone of innovation? Intel senior adviser Andy Grove says yes, arguing that the de-emphasis of manufacturing can actually do more harm.