Standard Costing

Standard Costing defines the expected cost to produce or purchase items. It uses the Bill of Material and Standard Routing to compute unit costs for an item. Standard Costing also supports the definition of multiple standard costs.

Featured Highlights & Functions

• Cost Type Maintenance
  • Multiple cost definitions for a company
  • Multiple historical or simulated costs
• Item Cost Maintenance
  • Multiple cost definitions for each item
  • Multiple costed bills of material
  • Multiple costed routing
  • Full detail for components
  • Full detail for routing
• Work Center Cost Maintenance
  • Multiple labor and overhead rates for each work center
• Cost Method Maintenance
  • User-defined control over automatic rollup
  • Allows manual entry of cost elements, with no rollup
• Cost Rollup
  • All items may be rolled up
  • Previous errors only can be rolled up
  • Ranges of items may be rolled up
  • Specific items can be rolled up
  • Single level or indented bill of material roll up
  • Any cost type may be rolled up
  • Cost methods control rollup
  • Detailed Roll up report
• Cost Transfer
  • Costs for all items in a cost type can be transferred to another cost type
  • Current costs can be used to create a new year frozen standard
  • Simulated costs can be used to create a new current standard
  • Selective items can be transferred
• Inquiries
  • Current cost details
  • Comparison of multiple cost types: Summary, Component Detail, Routing Detail
• Reports
  • Current cost details
  • Comparison of multiple cost types by: Summary, Component Detail, Routing Detail