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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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