Costing

To remain competitive today, it is vital that you keep a tight rein on product and service costs. glovia.com - Costing allows you to do just that, by providing three costing methods – standard, actual, and average – in addition to a variety of tools for developing, monitoring and managing your product and service costs.

Costing At-A-Glance

Cost Types

• Standard
• Future standard
• Future future standard
• Previous standard
• Current
• Engineering
• Simulated

Cost Elements

• Material and material overhead
• Machine run-time, setup, fixed and variable overhead
• Labor run-time, set-up, fixed and variable overhead
• Outside processing
• Freight
• User-defined costs
• Shrink and scrap
• Indirect costs
• Memo field to exclude from cost roll-up
• User-defined descriptions

Historical Item Cost Information

• Manufacturing and purchasing activity
• Details from manufacturing and purchasing receipts
• Accumulated elemental costs
• Last item cost with elemental detail
• Last quantity completed or received
• Accumulated total quantities

Operational Level Cost Visibility

• Value-added costs by operation
• Component material by operation

Cost Roll-Up

• By cost type
• Single-level
• Multi-level
• Net change
• Full file
• Optional standard cost update
• Item bill of materials, routings and cost rates retained for analysis
• Error and warning filters

Cost Roll-Over Processing

• Roll future to standard and standard to previous
• Roll future future to standard and standard to previous
• Roll back standard to future and previous to standard

Costing Methods

• Standard
• Actual
• Average

Inquiries and Reports

• Costed multi-level bill of materials
• Cost History
• Item Cost
• Roll-Over Item Cost Comparative
• Roll-Over Inventory Revaluation
• Roll-Up Exceptions