OmegaCube ERP’s Actual Costing module helps manufacturers and distributors to track real-time costs across all stages of manufacturing and derive profitability as planned.
Key Benefits of Actual Costing
- Accurate cost reporting due to actual cost consideration.
- Track costs in real-time across all manufacturing stages.
- Preferred method for frequently changing costs & material pricing.
- Improved forecasts based on accurate costing data.
Key Features of Actual Costing
- Use actual costing method to accurately arrive at manufacturing costs.
- Track actual costs as material is procured.
- Utilize actual cost in posting to work in progress.
- Use actual cost for finished goods.
- Use Standard costing if desired.
- Analyze purchase price variance and manufacturing variance.
- Track detailed breakdown for material, overhead, labor, outside process costs.
- Factor in rent cost, utilities cost, employee and contract wages.
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