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To remain competitive today, it is vital that you keep a tight rein on product and service costs. - 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