Mineral Production Costs

Stemming from the successful SME short course, this material has a proven track record of helping professionals increase their understanding and management of costs. The text includes a framework for thinking about cost management and contrasts cost management with financial reporting and cost accounting. It outlines the basic concepts underlying financial reporting and presents some basic tools for understanding costs. The types of cost behavior, the construction and use of budgets, and the use of variances to understand causes of cost behaviors are fully explored.