Bom Cost is an accounting practice that assesses the costs associated with producing a product or service. It takes into consideration the cost of materials, labor, machinery and even marketing expenses to accurately calculate the full cost of production. At its core, Bom Cost is about understanding the value of things so that businesses can make more informed decisions about pricing and production. By fully assessing the cost of production, companies are better armed to know what their product is worth – and thereby maximize their profits.