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Actual Costing (coming soon!)
Actual Costing analyzes actual production costs for an item and compares them to one or more standard costs. Cost variances are presented in summary format, by order, item, or product via inquiry and reporting programs. Detail variances are presented by component and routing step.
Actual Costing is dependent on the Production Order Processing module. The actual production costs are derived from the material issued and the labor reported to production orders.
Actual Costing is integrated with the Labor Processing and Standard Costing modules. The labor time reported on production orders updates actual costs for hours reported with actual employee labor rates and, when a production order is created, its standard or expected costs are captured with the order for later comparison to actual.