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Sheldon, IA
3000 Park St
Sheldon, IA 51201

(712) 324-5371
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Cost of Production

Take the uncertainty out of your decisions by calculating your cost of production.

Understand Your Cost of Production

Knowing your cost of production is a powerful management tool. Watch a short video to see how cost of production can help bring confidence and clarity to your management decisions.

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Take the Cost of Production Course

Start with the Financial Terms course to begin laying the foundation.

1

  • Review key financial terms around costs, breakeven, and cost of production
  • Key differences among financial documents and how to use them
  • Test yourself on financial terms
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2

  • Review the difference between cash and accrual accounting
  • Explore the four steps to calculating cost of production
  • Practice calculating cost of production and breakeven
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3

  • Find out which records are relevant for calculating cost of production
  • Sort through and classify records needed for cost of production
  • Walk through a sample calculation and try your hand at doing the math
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4

  • Analyze an operation to find red flags and opportunities
  • Make recommendations based on cost of production
  • Use cost of production to make decisions about when to sell or whether you can afford a purchase
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Questions?

Your financial officer is a great resource to help you calculate your cost of production. Contact your local office for a consultation.

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