How to determine the cost of a product?
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How to determine the cost of a product?
In business, when you decide to invest in a product, you need to have the cost price in mind in order to set the selling price of your product. What do we know about costing? Read this article to find out. what is costing? Whether your company is a production firm, has trading and/or service activity, the cost price is a rather crucial value for its existence. It represents all direct and indirect charges, fixed costs (production costs, administrative costs) incurred by a company in the production, or in the purchase of a good. It is crucial for you as a company to determine the profitability of your investment. When you are able to determine the cost of ownership of your firm, it can lead you to make relevant decisions as to whether it is profitable or unprofitable. What is the purpose...
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Science/High-Tech



Ghanaian student creates audio system
Samuel Aboagye of Aggrey Road, a Ghanaian high school student has amazed the Ghanaian school community by using his genius to design an audio system from recycled plastic gallons. It's an innovation that bears his name and could earn him a living already at a young age. What did he build? This is an audio system that Samuel Aboagye has built. This system is supported by a Bluetooth technology that allows the production of sound. The young high school student was able to make his creation out of plastic gallons. He was inspired by the Dext Technology Limited science kit, a Ghanaian technology company. His sound system produces good quality sound. It has a magnetic system and consists of 40 separate elements and electronic components such as iron, filings, etc. According to the claims of...
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News flash
How to determine the cost of a product?
In business, when you decide to invest in a product, you need to have the cost price in mind in order to set the selling price of your product. What do we know about costing? Read this article to find out. what is costing? Whether your company is a production firm, has trading and/or service activity, the cost price is a rather crucial value for its existence. It represents all direct and indirect charges, fixed costs (production costs, administrative costs) incurred by a company in the production, or in the purchase of a good. It is crucial for you as a company to determine the...