Standard Product Costing 1.2

This Demonstration version of Standard Product Costing has been designed and built using Microsoft's Access 97. An Access 2002 version of this software will be published at a future date. It is hoped that the features built into the current version will prove to be very effective and robust in enabling manufacturing companies to carry out product costings for their businesses. This demo version is limited to product costing for 6 products. Key Features of Application: Standard Costing systems are used by the vast majority of major manufacturing companies around the world. Typically, product costs are broken into the following components: Materials, Packaging, Direct Labour, Overheads. Standard Product Costing (SPC) is also similarly structured. Material costs are calculated based on the following: Formulation metric weight of the pack as determined by the number of units in the pack and the number of units in the SKU (Stock Keeping Unit). Formulation mix of materials (Bill of Materials). Waste % loss factor. Standard costs of each material used.Non-formulation materials, which are added separately in data-entry screen.Where bought-in Finished Products are also used in manufacturing (for example where finished bulk capsules are re-packed for sale), such materials can be identified and costed via 'bought-in' drop-down list in Data Maintenance- Materials. Packaging items are input into the SKU as per the packaging bill of materials- standard costs are simply packaging items multiplied by standard costs of each item. Direct Labour and Overhead Costs- SPC provides for the capture of throughput costs via one or two activity types. Typically, manufacturing operations have 2 distinct types of activities- Processing and Packing. Depending on whether one of them is a distinct constraint or limiting factor, a company may choose either or both as a basis to recover Direct Labour and Overhead Costs.
Standard Product Costing is a free to try software. You can free download and try it for an evaluation period.

• License Demo
• Date Added 21 January, 2009
• Price: $1,000.00
• Category Business & Finance / Business Finance
• Filesize 376.0 KB
• Author Wenyah Communications P/L