The eighth of Dr. Marien’s 8Rs of his Customer’s Bill of Rights is the Right Cost. Per Dr. Marien’s original article, the Right Cost was described as: ...

Though the production of goods and services involves many different kinds of expenses, the prime cost formula only takes into ...

For your calculations to be accurate, it's essential to know what is covered as an overhead cost. Make sure you track this along with your expenses. Note what’s excluded from the formula above, ...