Costing Activity Features and Functions

• Tracks the cost incurred by each item of a BOM and at each phase of a routing operation


• Runs cost roll-ups as a batch or online


• Simulates a production model run with cost roll ups


• 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)


• Uses different standard and actual hours to generate cost roll ups


• Different cost types can be used for standard and actual hours and to generate cost roll ups


• 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


• Historic cost


• Calculates average costs by co-product


• Average unit cost from the last accounting period


• Displays actual cost


• Tracks the cost of replacing a product (replacement cost)


• Compares purchase cost to frozen standard cost


• Tracks the transportation cost of a part or product, including internal handling costs, and external shipping charges


• Tracks and maintains the costing codes of FIFO inventory


• Calculates the weighted average of any manufactured product


• Single-level costs including material, material overhead, labor, variable overhead, fixed overhead, outside supplier, and outside supplier overhead


• Maintains and displays current and revised totals of standard factory costs; variable, fixed, and supplier overhead; purchased material; and labor cost and hours