{"id":999971274,"date":"2025-03-27T12:26:12","date_gmt":"2025-03-27T05:26:12","guid":{"rendered":"https:\/\/bizzi.vn\/?p=999971274"},"modified":"2026-06-09T13:48:10","modified_gmt":"2026-06-09T06:48:10","slug":"what-is-the-cost-of-production","status":"publish","type":"post","link":"https:\/\/bizzi.vn\/en\/what-is-the-cost-of-production\/","title":{"rendered":"What is manufacturing cost? Classification, calculation and detailed examples"},"content":{"rendered":"<p class=\"\" data-start=\"131\" data-end=\"458\"><strong data-start=\"131\" data-end=\"158\">What is the cost of production?<\/strong> This is an important factor that directly affects <strong data-start=\"208\" data-end=\"234\">revenue and profit<\/strong> of each business. <strong data-start=\"262\" data-end=\"338\">Understand production costs and how to effectively manage business finances<\/strong> will help businesses optimize product costs, improve competitiveness and achieve sustainable growth goals.<\/p>\n<p class=\"\" data-start=\"460\" data-end=\"678\">In this article, let&#039;s <strong><a href=\"https:\/\/bizzi.vn\/\">Bizzi<\/a><\/strong> learn more about <strong data-start=\"516\" data-end=\"542\">What is the cost of production?<\/strong>, <strong data-start=\"544\" data-end=\"574\">Classification of production costs<\/strong>, calculation methods as well as important notes to help businesses control costs well and optimize profits.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Index<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/bizzi.vn\/en\/what-is-the-cost-of-production\/#Dinh_nghia_ve_chi_phi_san_xuat_la_gi\" >What is the definition of cost of production?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/bizzi.vn\/en\/what-is-the-cost-of-production\/#Dac_diem_cua_chi_phi_san_xuat\" >Characteristics of production costs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/bizzi.vn\/en\/what-is-the-cost-of-production\/#Vai_tro_cua_chi_phi_san_xuat_la_gi_trong_doanh_nghiep\" >What is the role of production costs in business?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/bizzi.vn\/en\/what-is-the-cost-of-production\/#Phan_biet_chi_phi_san_xuat_va_chi_phi_kinh_doanh\" >Distinguish between production costs and business costs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/bizzi.vn\/en\/what-is-the-cost-of-production\/#Phan_loai_chi_phi_san_xuat\" >Classification of production costs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/bizzi.vn\/en\/what-is-the-cost-of-production\/#Theo_tinh_chat_kinh_te\" >By economic nature<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/bizzi.vn\/en\/what-is-the-cost-of-production\/#Theo_muc_dich_va_cong_dung\" >By purpose and use<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/bizzi.vn\/en\/what-is-the-cost-of-production\/#Theo_moi_quan_he_voi_khoi_luong_cong_viec_san_pham_trong_ky\" >According to the relationship with the volume of work, products in the period<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/bizzi.vn\/en\/what-is-the-cost-of-production\/#Theo_quy_trinh_cong_nghe_san_xuat_che_tao\" >According to the production and manufacturing technology process<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/bizzi.vn\/en\/what-is-the-cost-of-production\/#Theo_phuong_phap_tap_hop_chi_phi_san_xuat_vao_cac_doi_tuong_chiu_chi_phi\" >According to the method of concentrating production costs on cost-bearing objects<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/bizzi.vn\/en\/what-is-the-cost-of-production\/#Theo_noi_dung_cau_thanh_chi_phi\" >According to cost composition<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/bizzi.vn\/en\/what-is-the-cost-of-production\/#Cong_thuc_tinh_chi_phi_san_xuat_la_gi\" >What is the formula for calculating manufacturing costs?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/bizzi.vn\/en\/what-is-the-cost-of-production\/#Vi_du_ve_chi_phi_san_xuat_trong_doanh_nghiep\" >Examples of manufacturing costs in business<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/bizzi.vn\/en\/what-is-the-cost-of-production\/#Cach_toi_uu_hoa_chi_phi_san_xuat_cho_doanh_nghiep\" >How to optimize production costs for businesses<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/bizzi.vn\/en\/what-is-the-cost-of-production\/#Moi_quan_he_giua_chi_phi_san_xuat_va_gia_thanh_san_pham\" >The relationship between production costs and product prices<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/bizzi.vn\/en\/what-is-the-cost-of-production\/#Loi_ich_khi_ung_dung_ERP_vao_quan_ly_chi_phi_san_xuat_la_gi\" >What are the benefits of applying ERP to production cost management?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/bizzi.vn\/en\/what-is-the-cost-of-production\/#Bizzi_giup_lanh_dao_quan_ly_chi_phi_san_xuat_nhu_the_nao\" >How does Bizzi help leaders manage production costs?\u00a0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/bizzi.vn\/en\/what-is-the-cost-of-production\/#Ho_tro_xay_dung_chinh_sach_chi_phi_cho_to_chuc\" >Support in developing cost policies for the organization<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/bizzi.vn\/en\/what-is-the-cost-of-production\/#Chuan_hoa_quy_trinh_tu_dong_tao_%E2%80%93_duyet_chi_phi\" >Standardize the automatic cost creation and approval process<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/bizzi.vn\/en\/what-is-the-cost-of-production\/#Quan_ly_chi_phi_phong_ban_va_du_an_theo_thoi_gian_thuc\" >Manage department and project costs in real time<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/bizzi.vn\/en\/what-is-the-cost-of-production\/#Kiem_soat_chi_phi_chat_che_theo_ngan_sach\" >Control costs strictly according to budget<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Dinh_nghia_ve_chi_phi_san_xuat_la_gi\"><\/span><b>What is the definition of cost of production?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<blockquote><p><span style=\"font-weight: 400;\">Total costs (including costs directly attributable to the product or indirectly allocated) that a business must pay to produce a product or service. This is an important factor in determining the cost and profit of the business.<\/span><\/p><\/blockquote>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Production costs include: Labor, raw materials, production supplies, management and operating costs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Production and business costs<\/b><span style=\"font-weight: 400;\">: The cost of live labor and materialized labor that a business spends in relation to production and business activities in a certain period. Production costs can be high\/low depending on the level of activity.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>For example<\/b><span style=\"font-weight: 400;\">:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Businesses that produce confectionery, clothing, and furniture need costs for raw materials, rent, and employees.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Service industry (restaurants, beverage shops, shopping malls) need costs for labor, raw materials, and depreciation of fixed assets.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<figure id=\"attachment_999971414\" aria-describedby=\"caption-attachment-999971414\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-999971414\" title=\"Understanding what production costs are will help businesses optimize product prices.\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/03\/Chi-phi-san-xuat-la-gi-Dac-diem-vai-tro-va-cach-toi-uu-chi-phi-san-xuat-cho-doanh-nghiep.jpg\" alt=\"Understanding what production costs are will help businesses optimize product prices.\" width=\"1200\" height=\"675\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/03\/Chi-phi-san-xuat-la-gi-Dac-diem-vai-tro-va-cach-toi-uu-chi-phi-san-xuat-cho-doanh-nghiep.jpg 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/03\/Chi-phi-san-xuat-la-gi-Dac-diem-vai-tro-va-cach-toi-uu-chi-phi-san-xuat-cho-doanh-nghiep-300x169.jpg 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/03\/Chi-phi-san-xuat-la-gi-Dac-diem-vai-tro-va-cach-toi-uu-chi-phi-san-xuat-cho-doanh-nghiep-768x432.jpg 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/03\/Chi-phi-san-xuat-la-gi-Dac-diem-vai-tro-va-cach-toi-uu-chi-phi-san-xuat-cho-doanh-nghiep-18x10.jpg 18w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-999971414\" class=\"wp-caption-text\">Understanding what production costs are will help businesses optimize product prices.<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Dac_diem_cua_chi_phi_san_xuat\"><\/span><b>Characteristics of production costs<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Production costs increase as order quantity increases and vice versa.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Continuously arising during the production process.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Depends on many factors: <strong>Impact by production technology<\/strong> (using modern technology to reduce costs), raw material prices, labor market.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Complex structure, including <a href=\"https:\/\/bizzi.vn\/chi-phi-co-dinh-la-gi\/\"><strong>fixed cost<\/strong><\/a> and <strong><a href=\"https:\/\/bizzi.vn\/chi-phi-bien-doi-la-gi\/\">variable cost<\/a><\/strong>.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Need to optimize to increase profits.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Decide on product selling price.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Vai_tro_cua_chi_phi_san_xuat_la_gi_trong_doanh_nghiep\"><\/span><b>What is the role of production costs in business?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>For business<\/b><span style=\"font-weight: 400;\">:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Reflecting the production status<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Help managers have an overview, thereby building measures to improve quality and save costs.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>For management<\/b><span style=\"font-weight: 400;\">:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Avoid waste and increase profits<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Impact on inventory management<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Provide information for managers to make business production management decisions.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>For the market<\/b><span style=\"font-weight: 400;\">:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Products with reasonable prices attract customers and increase market share.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Shape business strategy and develop financial plan<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>For the state<\/b><span style=\"font-weight: 400;\">:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">State economic agencies can have a comprehensive and objective view of the development of the country&#039;s economy, thereby proposing correct policies and guidelines to promote economic development.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Phan_biet_chi_phi_san_xuat_va_chi_phi_kinh_doanh\"><\/span><b>Distinguish between production costs and business costs<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<tbody>\n<tr>\n<td><b>Criteria<\/b><\/td>\n<td><b>Production Cost<\/b><\/td>\n<td><b>Business Costs<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Nature<\/b><\/td>\n<td><span style=\"font-weight: 400;\">The cost of creating a product\/service.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Cost of selling &amp; operating a business.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>For example<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Raw materials, labor, electricity and water production.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Advertising, sales staff salaries, shipping costs to customers.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Affect<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Directly affects product price.<\/span><\/td>\n<td><strong>Impact on business profits.<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Phan_loai_chi_phi_san_xuat\"><\/span><b>Classification of production costs<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Theo_tinh_chat_kinh_te\"><\/span><b>By economic nature<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Direct material cost<\/b><span style=\"font-weight: 400;\">: Costs directly related to production and specifically determined for each product (main raw materials, auxiliary materials, packaging).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Direct labor costs<\/b><span style=\"font-weight: 400;\">: Costs directly related to production and specifically determined for each product (salary, allowances, insurance).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>General manufacturing costs<\/b><span style=\"font-weight: 400;\">: Costs related to production but cannot be specifically identified for each product (fixed asset depreciation, maintenance, repair, indirect materials, indirect labor, outsourced services).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Cost factor<\/b><span style=\"font-weight: 400;\">:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Raw material factor.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Fuel and power factor.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Salary and salary allowances factors.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Social insurance, health insurance, and unemployment insurance factors.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Fixed asset depreciation factor.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Outsourcing service cost factor.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Other cost factors in cash.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Theo_muc_dich_va_cong_dung\"><\/span><b>By purpose and use<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Cost of raw materials<\/b><span style=\"font-weight: 400;\">: Cost of main materials, accessories, packaging,...<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Labor costs<\/b><span style=\"font-weight: 400;\">: Salary, allowance, insurance,...<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>General manufacturing costs<\/b><span style=\"font-weight: 400;\">: Fixed asset depreciation costs, maintenance, repair, indirect materials, indirect labor, outsourced services, etc.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Outsourcing service costs<\/b><span style=\"font-weight: 400;\">: Transportation, insurance, agent commission, brokerage,...<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Cost of production tools<\/b><span style=\"font-weight: 400;\">: Purchase, maintenance, repair of production equipment,...<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Other costs<\/b><span style=\"font-weight: 400;\">: Research and development, production management,\u2026<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Theo_moi_quan_he_voi_khoi_luong_cong_viec_san_pham_trong_ky\"><\/span><b>According to the relationship with the volume of work, products in the period<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>The variable costs<\/b><span style=\"font-weight: 400;\">: Changes in quantity are directly proportional to changes in production volume (raw material costs, direct materials, direct labor costs).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Fixed costs<\/b><span style=\"font-weight: 400;\">: No change in total when there is a change in the volume of products produced within a certain level (fixed asset depreciation cost).<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Theo_quy_trinh_cong_nghe_san_xuat_che_tao\"><\/span><b>According to the production and manufacturing technology process<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Raw material production cost<\/b><span style=\"font-weight: 400;\">: Arising from the use of raw materials in the production process.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Labor costs<\/b><span style=\"font-weight: 400;\">: Arising from the use of labor in the production process.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>General manufacturing costs<\/b><span style=\"font-weight: 400;\">:<strong> Arising during production<\/strong> But it is not possible to determine specifically for each type of raw material cost and labor cost.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Basic cost<\/b><span style=\"font-weight: 400;\">: Direct and fixed costs in each specific step of the production or manufacturing process.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>General manufacturing costs<\/b><span style=\"font-weight: 400;\">: Costs that cannot be specifically allocated to each stage in the production process.<\/span><\/li>\n<\/ul>\n<figure id=\"attachment_999971413\" aria-describedby=\"caption-attachment-999971413\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-999971413\" title=\"Classification of production costs includes fixed costs and variable costs\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/03\/chi-phi-san-xuat-la-gi.jpeg\" alt=\"Classification of production costs includes fixed costs and variable costs\" width=\"1200\" height=\"675\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/03\/chi-phi-san-xuat-la-gi.jpeg 1280w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/03\/chi-phi-san-xuat-la-gi-300x169.jpeg 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/03\/chi-phi-san-xuat-la-gi-1024x576.jpeg 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/03\/chi-phi-san-xuat-la-gi-768x432.jpeg 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/03\/chi-phi-san-xuat-la-gi-18x10.jpeg 18w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-999971413\" class=\"wp-caption-text\">Classification of production costs includes fixed costs and variable costs<\/figcaption><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"Theo_phuong_phap_tap_hop_chi_phi_san_xuat_vao_cac_doi_tuong_chiu_chi_phi\"><\/span><b>According to the method of concentrating production costs on cost-bearing objects<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Direct costs<\/b><span style=\"font-weight: 400;\">: Production costs are directly related to the production of a certain product or service.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Indirect costs<\/b><span style=\"font-weight: 400;\">: Costs associated with many types of products and services.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Theo_noi_dung_cau_thanh_chi_phi\"><\/span><b>According to cost composition<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Single cost<\/b><span style=\"font-weight: 400;\">: Costs made up of a single cost element (main raw material costs, wages, fixed asset depreciation costs).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Total cost<\/b><span style=\"font-weight: 400;\">: Cost includes many different elements but has the same function (overall production cost).<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Cong_thuc_tinh_chi_phi_san_xuat_la_gi\"><\/span><b>What is the formula for calculating manufacturing costs?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Basic formula<\/b><span style=\"font-weight: 400;\">: Production cost = Raw material cost + Production labor cost + Machinery and equipment cost + Production management cost + Other costs.<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Cost of raw materials<\/b><span style=\"font-weight: 400;\">: Quantity of raw materials required x Unit value of raw materials.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Production labor costs<\/b><span style=\"font-weight: 400;\">: Number of hours of labor required x Average wage of production workers.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Cost of machinery and equipment<\/b><span style=\"font-weight: 400;\">: Value of machinery and equipment \/ Average life of machinery and equipment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Production management costs<\/b><span style=\"font-weight: 400;\">: Salaries and benefits of production management staff + Production facility operating costs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Other costs<\/b><span style=\"font-weight: 400;\">: Transportation, insurance, rental and other support costs.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Vi_du_ve_chi_phi_san_xuat_trong_doanh_nghiep\"><\/span><b>Examples of manufacturing costs in business<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Woodworking factory<\/b><span style=\"font-weight: 400;\">:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Material costs: Wood, glue, paint.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Labor costs: Carpenter and painter salaries.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Machinery and equipment costs: Saws, sanders, coating machines.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Production management costs: Factory management staff salaries, factory operating costs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Other costs: Transportation of raw materials and products, marketing, factory maintenance.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Vinamilk Company<\/b><span style=\"font-weight: 400;\">:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Raw material costs: Fresh milk, milk powder, sugar, flavoring, milk cartons and packaging.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Labor costs: Salaries and benefits for production employees.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Machinery and equipment costs: Maintenance and repair costs.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Service industry<\/b><span style=\"font-weight: 400;\">: *Labor costs, equipment costs, general production costs.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Cach_toi_uu_hoa_chi_phi_san_xuat_cho_doanh_nghiep\"><\/span><b>How to optimize production costs for businesses<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\"><strong>Optimize production costs<\/strong> help businesses reduce product costs, increase profits and improve competitiveness. Below are effective solutions to help businesses reduce production costs 10 - 30%, improve profits while still ensuring product quality.<\/span><\/p>\n<p><b>Optimize raw material production costs<\/b><span style=\"font-weight: 400;\">:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Negotiate with suppliers for better prices.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Find different suppliers to compare prices.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Periodically evaluate and change suppliers as needed.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Use recycled materials or make use of surplus parts.<\/span><\/li>\n<\/ul>\n<p><b>Optimize production labor:\u00a0<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Improve labor productivity by training employees to improve skills, avoiding waste of time and materials.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Applying machinery and technology to production to reduce manual labor.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Invest in robots and automated production lines to improve efficiency.<\/span><\/li>\n<\/ul>\n<p><b>Reduce storage costs<\/b><span style=\"font-weight: 400;\">:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Calculate and use raw materials reasonably to ensure safe inventory.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Only import goods when needed to reduce storage costs and avoid excess inventory.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Apply promotions, discounts, and giveaways to solve inventory problems.<\/span><\/li>\n<\/ul>\n<p><b>Reduce defective product rate<\/b><span style=\"font-weight: 400;\">: Good quality control in the production process.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Establish clear quality control procedures.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Apply advanced technologies.<\/span><\/li>\n<\/ul>\n<p><b>Production management software application<\/b><span style=\"font-weight: 400;\">:<\/span><\/p>\n<ul>\n<li>Helps save labor costs<\/li>\n<li>Improve performance and efficiency of quality management<\/li>\n<li>Optimize resources, optimize working shifts, avoid excess or shortage of personnel.<\/li>\n<li>Recruiting and training highly skilled workers.<\/li>\n<li>Optimize management costs.<\/li>\n<\/ul>\n<figure id=\"attachment_999971415\" aria-describedby=\"caption-attachment-999971415\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-999971415\" title=\"Selecting and training highly skilled workers is a way to optimize production costs for businesses.\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/03\/cach-toi-uu-chi-phi-san-xuat.jpg\" alt=\"Selecting and training highly skilled workers is a way to optimize production costs for businesses.\" width=\"1200\" height=\"800\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/03\/cach-toi-uu-chi-phi-san-xuat.jpg 1080w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/03\/cach-toi-uu-chi-phi-san-xuat-300x200.jpg 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/03\/cach-toi-uu-chi-phi-san-xuat-1024x683.jpg 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/03\/cach-toi-uu-chi-phi-san-xuat-768x512.jpg 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/03\/cach-toi-uu-chi-phi-san-xuat-18x12.jpg 18w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-999971415\" class=\"wp-caption-text\">Selecting and training highly skilled workers is a way to optimize production costs for businesses.<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Moi_quan_he_giua_chi_phi_san_xuat_va_gia_thanh_san_pham\"><\/span><b>The relationship between production costs and product prices<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Product cost<\/b><span style=\"font-weight: 400;\">: Costs incurred directly for the production of products in the workshop (direct materials, direct labor, general manufacturing costs). This cost <strong>depends on the quality of input materials<\/strong> \u2013 Good materials help reduce costs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Production cost<\/b><span style=\"font-weight: 400;\">: Includes production costs and indirect costs contributing to the production process (salaries of company accountants, office supplies, management costs).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Relationship<\/b><span style=\"font-weight: 400;\">:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Production costs are the basis for <strong>product cost components<\/strong><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Product cost is a measure of the production costs that a business spends to get the volume of finished products.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Loi_ich_khi_ung_dung_ERP_vao_quan_ly_chi_phi_san_xuat_la_gi\"><\/span><b>What are the benefits of applying ERP to production cost management?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Application <strong><a href=\"https:\/\/bizzi.vn\/tich-hop-erp\/\">ERP software<\/a> <\/strong>Incorporating into a business has the following outstanding benefits:<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cost control, production cost<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Demand planning from orders, raw materials, production plans<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tight inventory control<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Supply chain management<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Manage and record production progress<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Evaluate the level of cost savings<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Shape business strategy and develop financial plan<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Bizzi_giup_lanh_dao_quan_ly_chi_phi_san_xuat_nhu_the_nao\"><\/span><b>How does Bizzi help leaders manage production costs?\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Bizzi is built on in-depth analysis and caters to every need. <strong><a href=\"https:\/\/bizzi.vn\/he-thong-quan-ly-chi-phi-doanh-nghiep\/\">cost management<\/a><\/strong> and control your business budget in the simplest way. Here&#039;s how expense approval automation Bizzi can help your organization:<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Ho_tro_xay_dung_chinh_sach_chi_phi_cho_to_chuc\"><\/span><b>Support in developing cost policies for the organization<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Easy to set up expense usage policy<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Manage billing information for each user: MST, invoice receipt email, address, personal information<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Manage expense categories on demand<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Chuan_hoa_quy_trinh_tu_dong_tao_%E2%80%93_duyet_chi_phi\"><\/span><b>Standardize the automatic cost creation and approval process<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Build a approval process flow for each spending limit, suitable for the cost nature of each company.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Decentralize approval and management of permission groups according to each department level<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Create and send spending requests according to various categories: travel, business trips, reception, stationery, etc.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Create and approve payment requests and expenses conveniently anytime, anywhere, instantly via mobile app<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Conveniently attach information <strong><a href=\"https:\/\/bizzi.vn\/hoa-don-dien-tu\/\">Electronic invoice<\/a><\/strong>, vouchers for each cost<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Quan_ly_chi_phi_phong_ban_va_du_an_theo_thoi_gian_thuc\"><\/span><b>Expense management<\/b><b> departments and projects in real time<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Record expenses quickly in real time<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Manage costs by each category\/department\/project<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Minimize risk and reconcile payments faster<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Allow exporting excel file of expense list<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Kiem_soat_chi_phi_chat_che_theo_ngan_sach\"><\/span><b>Control costs strictly according to budget<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Establish and allocate budgets by fiscal year with organization\/project\/department size<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Proactively control budgets with the ability to set spending limits and assign budgets to each category\/department\/project<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automatically warn when spending exceeds the allocated budget<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Easily track remaining budget information and spent expenses<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Dashboard system reports budget compared to reality to help evaluate performance and effective financial operations<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Synchronize with the organization&#039;s cost management system and payment request approval process<\/span><\/li>\n<\/ul>\n<figure id=\"attachment_999971300\" aria-describedby=\"caption-attachment-999971300\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-999971300\" title=\"Bizzi meets all your business&#039;s cost management and budget control needs.\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/03\/bizzi-expense.jpg\" alt=\"Bizzi meets all your business&#039;s cost management and budget control needs.\" width=\"1200\" height=\"675\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/03\/bizzi-expense.jpg 1536w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/03\/bizzi-expense-300x169.jpg 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/03\/bizzi-expense-1024x576.jpg 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/03\/bizzi-expense-768x432.jpg 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/03\/bizzi-expense-18x10.jpg 18w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-999971300\" class=\"wp-caption-text\">Bizzi meets all your business&#039;s cost management and budget control needs.<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">In the context of economic fluctuations and increasingly fierce competition, effective control of production costs becomes a key factor for businesses to maintain profits and ensure sustainable development. <\/span><span style=\"font-weight: 400;\">By understanding what your production costs are and using Bizzi\u2019s comprehensive cost management platform, you can streamline your processes, gain an overview of your business\u2019s spending habits, and control your cash flow in the most optimal way. This has the potential to help businesses improve efficiency, reduce costs, and increase return on investment (ROI).\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/bizzi.vn\/dat-lich-demo\/\"><span style=\"font-weight: 400;\">Schedule a demo<\/span><\/a><span style=\"font-weight: 400;\"> with Bizzi today and discover how our innovative solutions can help you navigate the complexities of manufacturing cost management in particular and business costs in general with ease.<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b><i>Link to register for a trial of Bizzi products: https:\/\/bizzi.vn\/dang-ky-dung-thu\/\u00a0<\/i><\/b><\/li>\n<\/ul>\n<p><strong>Read more:<\/strong><\/p>\n<ul>\n<li><strong><a href=\"https:\/\/bizzi.vn\/chi-phi-quan-ly-doanh-nghiep-la-gi\/\">Cost classification in business<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/bizzi.vn\/chi-phi-tai-chinh-la-gi-hinh-thuc-quan-ly-chi-phi\/\">What are financial costs? <\/a><\/strong><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>What is production cost? This is an important factor that directly affects the revenue and profit of each business\u2026<\/p>","protected":false},"author":56,"featured_media":999971414,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[263],"tags":[],"class_list":["post-999971274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kien-thuc"],"acf":[],"_links":{"self":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999971274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/comments?post=999971274"}],"version-history":[{"count":7,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999971274\/revisions"}],"predecessor-version":[{"id":999977031,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999971274\/revisions\/999977031"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media\/999971414"}],"wp:attachment":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media?parent=999971274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/categories?post=999971274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/tags?post=999971274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}