In the forty-first episode of BRD Meaning Matters, we dive into the crucial aspects of making informed step costing decisions. Drawing from "The New CFO Financial Leadership Manual" by Stephen M. Bragg, we explore the key factors CFOs and financial managers should consider when evaluating step costs. From understanding capacity and utilization to conducting thorough cost-benefit analyses and assessing long-term impacts, this episode provides valuable insights to help you balance immediate operational needs with long-term strategic goals. Tune in to learn how to make effective step costing decisions that enhance your company's financial health and operational efficiency.