What are your manufacturing costs for rubber seals and gaskets? Buying rubber materials and fabricating them in-house may seem cost-effective, but are you sure you’re really saving money? For that matter, are you sacrificing quality, consistency and customer satisfaction for a cost savings that might not exist?
Manufacturers can know their true costs by analyzing the full scope of their production operations. There are three major categories of cost to consider:
- direct labor
- direct materials
- manufacturing overhead costs
If any of these manufacturing costs are incorrect, your financial statements may under-report inventory value and the cost of goods sold. Let’s take a closer look at what you need to consider.
Learn More
|