(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.
Basic Data Maintenance |
Useful for manufacturing cost analysis per item, cost center or cost driver.
Type: | System Utilities & Maintenance |
Main functionalitiesAllow create/update unit and assembles price table User can use estimated cost from different price tables, from direct calculation, or from user input.Manage project schedule along with your estimationManage different project cost (construction, machinary, ...
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