Calculating Your Cost of Goods Sold and Estimating Future Production Cost
Upcoming Webinar – February 13,2020 – 11:00am EST
Many start-up companies make the mistake of designing overly complex products that are expensive to manufacture and assemble at scale. This can make your price point too high, costing you sales, or erode your profit margins. This webinar will show you how to accurately calculate your total product cost and develop an intelligent pro-forma cost as you look to scale-up production.
What You Will Learn:
- The difference between fixed costs, variable costs, direct costs, indirect costs, and overhead.
- Gain an understanding of Break-Even Point and Economies of Scale, and how they can impact pricing and profit margin.
- The importance of knowing your product cost before investing in manufacturing or launching at the wrong price point.