Cost calculation confusion

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This topic has 2 replies, 3 voices, and was last updated 1 year, 5 months ago by Abhishek Patel.

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June 11, 2023 at 9:31 pm #2897
Sachin
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i am confused about calculation of cost and break even point in business. can someone explain how to calculate cost of production, total cost, fixed cost and CVP analysis.
June 11, 2023 at 9:32 pm #2898
Alok Gupta
Participant
Cost of production includes the cost of direct materials, direct labor and factory overhead used in making a product.
June 11, 2023 at 9:33 pm #2899
Abhishek Patel
Participant
Total cost is the sum of all costs i.e. fixed cost + variable cost. Fixed cost remain same irrespective of the production volume while variable cost changes with production.
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