CFO Magazine: 5 Accounting ‘Turnarounds’: How Manufacturing Fends Off Credit Squeeze
November 17, 2022
“For example, cost accounting takes into consideration fixed and variable costs. If a manufacturer’s operations team is only considering the cost of materials to make a widget — and leaving out the associated labor and overhead — that’s going to be a problem. It’s very difficult to make a profit when you sell something at an unknown cost.”