production cost

• Costos totales en los que incurre una empresa para fabricar un producto o prestar un servicio, incluyendo materiales, mano de obra y gastos generales.

The total expenses incurred by a business to manufacture a product or provide a service, including costs of materials, labor, and overhead.

1. Total expense of manufacturingB2formal

   The total amount of money spent by a company to create a product or provide a service, including materials, labor, and overhead.

   costo de producción

   • The company reduced its production cost by automating the assembly line.
   • Rising energy prices have increased the production cost of goods.
   • We need to analyze the production cost to set a competitive price.

2. Cost per unitB2formal

   The expense incurred to produce a single unit of a product.

   costo unitario

   • The production cost per unit dropped after we bought new machinery.
   • They calculated the production cost for each smartphone model.
   • Lowering the production cost per unit is key to increasing profit margins.