Several basic templates are available for Microsoft Excel that make it simple to calculate production costs.

The variable cost ratio is a calculation of the costs of increasing production in comparison to the greater revenues that will result.

The high-low method is used in cost accounting to estimate fixed and variable costs based on a business's highest and lowest levels of activity. By focusing on these extremes, the high-low method ...

Schedule Labor Now that the cost information is in place, divvying up the staff time is the next step in calculating the budgeted cost of work over the work scheduled in Excel.