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Descriptions of Standard Costing Templates |
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Assign individual or average costs to production or services, apply overhead recovery including depreciation to each product/service.
Includes benchmarking other company cost expense ratios.
Calculates depreciation rate per hour for assets in use.
Calculates material costs.
Calculates employee costs
Calculates the full hourly paid rate per employee.
Set up a standard costings for products or services:
Budget direct employee hours.
Budget indirect employee hours.
Budget raw material cost rates and total costs.
Budget equipment hours.
Allocate overhead costs.
Standard Costing automates calculations for standard costs for any product of service.
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