I currently work for a company called Techtronic Industries (TTI), which is an investment holding company, that engages in the design, manufacture, and marketing of power tools. A cost driver would be manufacturing that will be caused by product costs that includes the use of materials, labor, and manufacturing overhead. The company can have a fixed cost based on advertising needs and marketing initiatives aimed to help drive sales. A variable cost can change the product cost based on the industries price of the parts needed to manufacture goods. For example, if we were producing a new tool with a new design that incorporated a new technology. The price of the parts needed maybe at premium price point, subsequently
I currently work for a company called Techtronic Industries (TTI), which is an investment holding company, that engages in the design, manufacture, and marketing of power tools. A cost driver would be manufacturing that will be caused by product costs that includes the use of materials, labor, and manufacturing overhead. The company can have a fixed cost based on advertising needs and marketing initiatives aimed to help drive sales. A variable cost can change the product cost based on the industries price of the parts needed to manufacture goods. For example, if we were producing a new tool with a new design that incorporated a new technology. The price of the parts needed maybe at premium price point, subsequently