Ep. 469 - Understanding Production Costing

Production costs refer to all of the direct and indirect costs businesses face from manufacturing a product or providing a service. Production costs can include a variety of expenses, such as labor, raw materials, consumable manufacturing supplies, and general overhead. - Investopedia

Join Rob as he discusses the importance of production costing, the ideal time to break down your product costs, and the methodology he is using to break down the costs of various products created here on the homestead.  

Learn how to access the product costing spreadsheet he's created for FREE in addition to learning more about upcoming episodes and the 🔴LIVE STREAM🔴 this week! 

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Discussion Links:

Food Forest Farms - Enterprises - Food Forest Farms Coffee ...
https://www.foodforestfarms.com/index.html

Production Costs: What They Are and How to Calculate Them
www.investopedia.com/terms/p/production-cost.asp

Production cost refers to all of the expenses associated with a company conducting its business while manufacturing cost represents only the expenses necessary ...

Product cost definition - AccountingTools
www.accountingtools.com/articles/what-is-product-cost.html

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