cost calculation and cost audit

Benefits of Cost Audit: Uncovering the Economic and Social Advantages

The price of a product is more than just the sum of its parts – it’s a delicate balance between cost and profit. A cost audit is a crucial tool that helps ensure efficient resource usage, control production costs, and protect consumer interests. By diving into the economic and social advantages of cost audit and its key features, we can uncover the untold benefits that all stakeholders can enjoy.