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Term of the Day
BusinessDictionary.com
product cost
Definition
The
sum
of all
costs
associated
with the
production
of a specific
quantity
of a good or
service
.
Related Videos
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Nearby Terms
product champion
product class
product classification
product comparison advertising
product competitors
product concept
product cost
product data management (PDM)
product definition
product departmentalization
product depth
product description
product design
Popular 'Accounting & Auditing' Terms
accounting
payment terms
accounting concepts
financial management
marginal benefit
letter of credit (L/C)
asset
revenue
pro forma invoice
fixed cost
Related Terms
direct labor
direct material price variance
direct material
incremental revenue
optional product pricing
Mentioned in these terms
joint product cost
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