Profits and cost are always directly related. In order to measure profits we first need to identify the costs such as fixed cost and variable costs (Direct labour, Direct materials and Direct expenses). Therefore we need the help of a costing table to list down all the costs incurred in our solar panel project. Thus with just a glance at the cost table the management can know what are the costs and how much capital we need for the project to be carried out.
No comments:
Post a Comment