Question

the objective of sales and operations planning is to minimize total cost. What are the major cost categories of this total cost

Answer 1

Total cost includes your material cost, personnel costs, Manpower cost, production cost, depreciation cost. These costs may be further classified into direct costs, indirect costs, fixed costs, variable costs, product cost, period costs, etc

Categorisation of costs may be done by classisfying each cost on the basis of its relation to production.