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RE: Steemit Engagement Challenge - S3W1 / ¡Ven y te enseño cómo hacerlo! : Cálculo del costo de venta de un producto / por @yolvijrm
Eduvative, the cost if production if a goods, there are lot of qualitative element to look into before tagging a live to particular product , interesting, am starting to fall in love with economics,
My questions what are the fill meaning of MOD, MD, CIF and MU, I could figure out that PC is production cost and MD could be direct material and MOD could be indirect
But I would like to state them for confirmation
Thanks for this Informtive post if yours
Thanks for your visit friend.
PC: Cost of Production.
MD: Direct Material.
MOD: Direct Labor.
CIF: Indirect Manufacturing Costs.
MU: Profit Margin.
I hope I have answered your concern. Greetings.
I guessed right though,
I just wanted a confirmation. Thanks and yes this answered my question