AMMIC/CM-C COST MANGEMENT SOFTWARE

(In AMMIC, we refer it to Cost Accounting

Activity-Based Costing (ABC) is a costing methodology that provides more accurate indirect cost allocation than the traditional standard costing.  ABC leads to a more accurate product costing by allocating indirect costs based on their resource and activity.

What is Activity-Based Costing?

Useful for manufacturing cost analysis per item, cost center or cost driver.

Reports

Allows user to inquire data setups and results of cost calculation.

Inquiries

Allows user to execute all processes that are necessary to come up with final cost of the item.  Processes include Material Cost Calculation, Common Expense Distribution, Resource Charge Calculation, Direct Resource Cost Calculation, Cost Allocation and Cost Rollup.

Processing

Computes automatically the cost driver rates as basis of expense allocation.

Driver Rate Auto Set

Defines cost drivers as key factors in expense allocation process.

Cost Driver Setup

Allows user to maintain basic data prior to running the ABC programs.

Useful for manufacturing cost analysis per item, cost center or cost driver.