Despite the enormous technical advances in software development coupled with the proliferation of fully integrated software systems, the costing
and cost control modules of these systems are Third World orphans compared to state-of-the-art costing
provides the most accurate response.
CostMate for molded part costing
calculates part volumes, weights, and cycle times and includes a machinery database, regrind costs, and other user-specified costs.
The ultimate goal of Alberta Health is to develop a prospective, case-based funding system, using standard costing
methodologies across the province.
To ferret out these hidden environmental costs, consider using activity-based costing
, which traces overhead and period expenses to products, customer groups and, in some instances, to individual customers.
Unlike less-specific costing
methods, ABCM measures the costs from each and every activity associated with the manufacturing process.
Reduced budgets, increased accountability requirements, and rapidly changing technological considerations provide even more impetus for developing predictive costing
models to help determine appropriate staffing levels for priority library operations and programs.
Many companies, realizing their diverse products are probably cross-subsidizing each other by sharing costs that are unique to an individual product, are investigating or attempting to upgrade their costing
Obviously, improper costing
and pricing can cost you a fortune.
Accordingly, a taxpayer in this situation (particularly one without product costing
capabilities) probably need not consider a protective change in method of accounting.