Product Costs and Decisions

By the end of this mod­ule you’ll under­stand the advan­tages of using through­put to cal­cu­late con­ver­sion costs instead of using stan­dard costs; we’ll explain how fea­tures and char­ac­ter­is­tic cost­ing can help with pric­ing deci­sions, and we’ll show a bet­ter way to eval­u­ate prod­uct mix, spe­cial orders, and make vs. buy decisions.