Costing Activity Features and Functions
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- Tracks the fixed and variable costs of a WIP and compares information among databases at the end of the period (period costing and period reconciliation)
- Tracks costs and current costs to batch, by date
- Tracks and updates costs on all or individual items
- Allocates costs by labor hours and costs, workstation, and equipment
- Standard cost
- Maintains current and revised cost
- Revised costs are rolled into current costs
- Overrides fixed item costs
- Tracks and maintains the costing codes of FIFO inventory
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Product Costing Features and Functions
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