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How to Calculate the True Cost of Manufacturing a Product: A Practical Guide for Factory Managers Manufacturing · Product Costing How to Calculate the True Cost of Manufacturing a Product: A Practical Guide for Factory Managers Knowing the purchase price of raw materials is not enough to understand what a product truly costs to make. A factory manager needs a complete view of every resource required to produce and deliver a finished unit. GoMoneyVibe  |  Manufacturing Desk  |  10 min read Photo: Anna Nekrashevich / Pexels Ask a plant manager what a product costs to make, and the first number they usually reach for is the price on the material purchase order. It's an understandable instinct — that number is concrete, documented, and easy to defend. It is also, on its own, dangerously incomplete. Knowing the purchase price of raw materials is not enough to understand the true cost of manufacturing a product...