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Introduction for Job Costing

The Job Costing Module is used to record the details of the costs associated with a particular job or work order.  The actual material(actual can be standard, Purchase Order allocated to the specific Work Order or the Weighted Purchase Cost of the last 5 Purchase Orders) and labor costs are compared with the standard or “budgeted” costs and provision is made to include miscellaneous charges.  The user may also compare the standard (budget 0 to items purchased specifically for the Work Order (please see the Purchasing Management  procedures) or to the weighted average of the last 5 purchases.  A variance is calculated and also the variance %.

Once a Work Order is created, the user may preview the “budget” information for both material and labor.

Time card information and kitting forward into Job Costing.  As each component of the Work Order is completed, the Job Costing Module captures the required information.  Please refer to the Time Card and Time & Attendance Management procedures.

Article ID: 2137