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Abstract
To maximize profits, businesses must find every possible way to minimize costs. While some fixed costs are vital to keeping the business running, a financial analyst should always review the financial statements to identify excessive expenses that do not provide any additional value to core business activities. When an analyst understands the overall cost structure of a company, he/she can identify feasible cost reduction methods without affecting the quality of products sold or service provided to customers. The financial analyst should also keep a close eye on the cost trend to ensure stable cash flows and no sudden cost spikes occurring. ABC industries continuously optimizing the combustion engine, driving forward the use of alternative fuels, and laying the foundation for the widespread acceptance and worldwide introduction of e-mobility.Based on a broad systems competence consisting of Engine Systems and Components, Filtration, and Thermal Management, the group’s product portfolio addresses all the crucial issues relating to the power train and air conditioning technology. Thanks to its expertise in electric and electronic components and systems, ABC can thus also offer integrated system solutions for e-mobility.ABC products are fitted in at least every second vehicle worldwide. For decades, ABC components and systems have also been used on the world’s racetracks and off the road—in stationary applications, for mobile machinery, rail transport, as well as marine applications.This study involved a detailed understanding of the Product costing and how costing process can be improve with the help of FACTON EPC software.