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Standard Costing Documentation and Training
Fitrix Standard Costing defines the expected or standard costs to be incurred to produce or purchase items. It uses cost elements defined in the Bill of Material and Standard Routing applications to compute standard costs per unit of an item. These costs can be tracked against actual costs to produce or purchase and the variances can then be analyzed.
In addition to the current standard cost, Fitrix supports the definition of an unlimited number of other standard costs for items. This means you can store multiple historical standards, multiple future standards, and unlimited simulation costs. Any standard may be compared to any other standard via inquiries and reports and variances are analyzed at multiple levels of detail.