As scheduled activities are completed, costs are accumulated, including labor, overhead, and other user defined values. Raw material usage is also tracked by flexible, user defined costing methods of UA's Materials Management module. All costing information of the production campaign is aggregated and presented to the user who back-flushes the Production Order.
All costing components can be changed prior to back-flushing, and are represented in the value of Finished Goods. Costs thus established for newly created materials will then follow with that material through the sales process. When this value is then compared to the sale price profitability, other financial indicators can be accurately determined.
Scrap, spoilage, waste, and all resources consumed during the production process can be represented and accounted for in the Production Order, and managed accordingly.
Coupled with UA's core financial modules, the product costing features of UA's Manufacturing and Production solution provides managers the ultimate in financial control over the production cycle.
Key Features
- Costs are automatically accumulated during WIP
- Costs are aggregated from raw material costs, labor, overhead, and resource consumption
- Once an order is back-flushed, the cost can be overridden by a percentage or fixed dollar amount to represent the fair market value of the newly produced items. This value will be represented on the Balance Sheet as an increase to inventory
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