Pozor, odpri v novem oknu. PDFNatisni

ACM Product Costing

The goal of this module is to provide the best possible view on  the costs of products or semi-products. Additionally, organization may need more costing formulas at the same time: one for GL valuation,  the second (or more) for controlling purposes.

 

For example:
product_ costing_rpt
Work Order Costs Analysis
  • For valuation of inventory in the General Ledger we decided to use the cost set with costs of material, cost of  work, depreciation, and the subcontractor costs.
  • For controlling we need more - the Cost of Goods Sold. We’ll use GL cost and add costs of Management, Sales and other costs – these costs will be added to products cost in a proper way (e.g. percentage of the total contribution or by some other formula).

 

We can say that we’ll translate organization’s Balance Statements to the Costs of Products.

The ACM Product Costing can also be a valuable tool for those companies which use planned costing, because it  will provide a clear and simple picture of costs in an alternative way, and from different points of view.

 

Some highlights on Product Costing features:
  • Cost Elements are user definable (e.g. cost of material, cost of management, cost of depreciation, etc.).
  • Acquisitions of Cost Element Values are user definable (e.g. “take cost of  the material from FIFO”, or “take the cost of management from GL”, or “take the cost of depreciation from these Cost Centers from GL”, etc).
  • Formulas for Cost Set calculations are user definable (e.g. “take the cost of material”, “add the cost of work”, “calculate the percentage of contribution”, etc...).
  • Costs of Co-products are assigned to each Co-product based on the user definable rules (e.g. we’ll include only the Cost of Material, but not other costs in the cost of  sawdust, while the cost of boards will include all cost elements).
  • The systems smoothes improper recording of issues and/or receipts on work orders (e.g. If issues were done on one work order and receipts on the other, the system will generate average costs from more work orders.).
  • The report columns and details are user definable. The same program can show different columns and summary levels.
  • The Cost Elements, the Costing Formulas and the Acquisition types may be optionally printed on reports – to explain which ones were used for the calculation.

We use cookies to improve our website and your experience when using it. Cookies used for the essential operation of the site have already been set. To find out more about the cookies we use , see our privacy policy.

I accept cookies from this site.

EU Cookie Directive Module Information