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Standard Costing provides stability in the costing of standard products. Your Management’s decision making is enhanced by simulation tools that allow you to analyze the effects of material or labor rate changes. This helps with pricing decisions and also helps to identify areas that have potential for cost reduction.
Standard Costing allows you to determine variances of current (e.g. simulated) costs from standards for material, outside processing, labor and burden. Utilizing data from the PDM Suite, ongoing maintenance is greatly minimized. Tables provide for easy entry and maintenance of labor rates, and a rich variety of burden application methods for both fixed and variable overhead costs.
"Standard Costing" is part of the WorkWise ERP line of products, developed by WorkWise.