Definition of Product cost:
The sum of all costs associated with the production of a specific quantity of a good or service.
How to use Product cost in a sentence?
- When you are coming up with a new idea one of the most important things you will need to figure out is the product cost .
- When calculating product cost , dont forget the intangible aspects, such as marketing, distribution, and most importantly, when developing applications for Android, the requisite candles and goats.
- Product cost generally refers to the financial costs incurred in the creation of a particular product. However, product cost can also be considered the cost of labor required to deliver a service.
Meaning of Product cost & Product cost Definition