- Supports three simultaneous costing methods:
- Supports six cost components for each cost method:
- Material
- Labor
- Outplant
- Fixed Burden
- Variable Burden
- Material Burden
- Tracks cost by work order including material labor, burden,and outplant
- Show part costs by routing sequence (audit showing how costs were calculated)
- Incremental cost increases displayed by routing sequence
- Allows recording of labor at actual or standard cost
- Calculates and posts to general ledger the work order variances for material, labor, burden, and outplant
- Daily and monthly production reports showing units, dollars and actual efficiencies
- Stores month-end quantity and value of inventory for delayed reporting
- Variances to GL by plant or part
- Historical averages by part or by operation
- Rolls up labor, burden and outplant costs from routings for calculation of parts costs
- Allows manual maintenance of routing costs
- Calculates material costs using the bill of material and adds routing costs to update part cost fields
- Accepts changes to part accounting value and records general ledger transactions for inventory value change
- Reports work-in-process value
- Summary of Work in Process receipts for a work order broken out by cost component (material, labor, overheads, etc.) for the total production quantity and costs per unit
- Supports closing a work order short
- List summary of closed work orders showing all variances and the GL accounts they were posted to
- Financial closing data for all cost components, showing actual, standard, closing and variance
- Updates average and last costs for work orders
- Optional audit reports to show in detail how costs were calculated
- Shows value of product at standard at each operation step (used to determine cost of scrap, rework, etc.)
- Costing Worksheets
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