Standard Costing

DESCRIPTION

Genzlinger’s Standard Costing (SC) application provides true cost control over workers, machines, material, products, scrap and overhead. It provides management with a tool for analysis of the cost and profitability of products produced. This application requires Bill of Material, Routing and Inventory Management files.

FEATURES

Supports standard, latest, current, last year frozen, this year frozen, temporary, budget, quotation, simulation and miscellaneous cost types.

Provides seven user-defined material categories, labor hours and dollars, machine hours and dollars, set-up hours and dollars, three user defined overhead categories (e.g. material, manufacturing and corporate) and selling price, all to eight decimal places, for each cost type.

Distributes material, scrap and overhead costs from the item file to the appropriate SC file fields.

Automatically calculates this level labor, machine and set-up hours and dollars, scrap, and three overhead fields as percents of Labor, Material, Machine and Activity (ABC) cost drivers, all from the routing, department and work center files.

Automatically rolls standard costs up from raw material to finished goods while computing scrap and maintaining "this level" and "roll up" cost detail for each bill of material part.

Maintains separate costs for each engineering revision level and controlled routing operation.

Maintains department and work center, labor, machine and overhead rate tables.

Supports multiple currency costing.

Prints sales/cost forecast, sales analysis, inventory valuations, cost variances, and cost reporting of sales, production, purchases, outside services, scrap and adjustments.

Integrates with Customer Order Processing, Release/Shipment Communications, Inventory Management, Purchasing, Payables, Receivables and General Ledger.