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RE: ELEMENTS OF THE COST OF PRODUCTION // IMPORTANT FACTOR IN THE ENTERPRISE
Very well written my friend. It is indeed very important to keep track of the cost of production if a company wants to sustain itself in the future. Managing the cost for labor and material, both direct and indirect, effectively is very crucial for a company's survival. Also, these days the cost of production has seemed to gotten very high as the technology for manufacturing is not so cheap now.