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The Frontier Product Costing module is designed to accurately
track and calculate product costs based on material, labor and
any established overheads for purchased, make-to-stock and customer
specified make-to-order products. Several foundation costing methodologies
are supported, providing accurate pricing, profitability and performance
information across all aspects of the Frontier® ERP System.
Frontier Product Costing Supports:
- Cost tracking by product and plant/warehouse, with costs calculated
based on a standard, weighted average or actual costing methodology
- Costs summarized into four primary buckets (material,
labor, fixed overhead, variable overhead), with each primary
bucket supported
by user-defined cost elements as required
- Automatic calculation of costs for manufactured products
based on current production BOM, routing and associated work
center and labor rates
- Visibility of frozen standard, current, future and
last standard costs for all products under a standard cost methodology
- True standard cost support for customer specified make-to-order
products, supporting repeat orders and the tracking
of material transfers between plants or warehouses
- Real-time cost calculations for customer specified
make-to-order products to provide margin visibility and cost-plus
pricing support during quote and order entry processing
- Production variance tracking based on material substitutions,
labor or operational efficiency variations
- Accurate scrap valuation based on incremental product
cost calculations and associated production operation where material
was reported scrapped
- Reporting of sales analysis and order margins based
on standard/average/actual and/or current costs
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