Specialized Math: Calculating Production Costs
interactive

Specialized Math: Calculating Production Costs

ej4
Updated Jun 16, 2024
Course Description

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.