Reply to Jay Johnson

Hello, jay! I like your presentation; it clear and very detailed. I agree with you that the cost of production reports helps in controlling costs and improving the production process. Cost control is an essential item in ensuring the maximization of profit. I also agree with you that continuously analyzing the trends in the reports helps to provide insight into how a business is performing. Thank you!

Reply to Johanna Aleman

Hello Johanna, your post is quite detailed and provides a good insight into what cost of production means. I agree with you that cost production reports are of paramount importance in ensuring excellent performance of a business. To ensure profitability, it’s true that a business should cut into its excess personnel, employ more efficient machinery, and use cheaper but also good quality material.