Cost Accounting Variance and Analysis Features and Functions
Analyzing the difference between the set budget of a particular item and its actual cost.
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- Compares the use of material against historical, budgeted, or actual paid prices, by order, operation, lot, work center, and product
- Material purchase price variance
- Reports variance from norms in material price and material usage
- Analyzes inventory revaluations
- Variables in cost modeling include different business scenarios, changes in product volume and size, and varying budgets
- Multivariable cost impact modeling
- Variable product costs are compared to average selling prices using contribution analysis
- Production costs are compared between two cost profiles using a cost variance analysis
- Standard analysis reporting
- Compares the actual and estimated costs of a job
- Analyzes production
- Detail-format inventory expense reports
- Reporting options, including frequency, time frame, plant or location, and item range, may be determined by the user
- On-line user group, help lines, and e-mail
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Product Costing Features and Functions
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