Financial reports. Cost accounting method in calculating the cost price
Cost accounting method when calculating the cost in Budget-Plan Express
The cost price, in most cases, can be determined - as the lower limit of the price. The cost price is a monetary expression of variables and fixed costs per unit of output.
Recall that fixed costs are costs that do not depend on the volume of products. Variable costs are costs that change depending on the volume of production, on the number of products produced.
The cost-sharing for fixed cost and variable cost is traditionally used in direct costing systems, however, the fixed (indirect) costs are also attributed to the result, but not included in the product. This does not allow for in-depth analysis of products based on mathematical methods - breakeven analysis, correlation analysis, regression analysis, etc.
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In the "Budget-Plan Express", as in the "direct-costing" system, there is a division of costs into fixed and variable costs. However, in order to clarify the fixed costs in products, the ABC-method (Activity Based Costing) applies the distribution of indirect (constant) costs associated with the production of a particular product.
To apply the ABC method, a special interface is used to "distribute costs to products."An example of editing. The tab "Distribution of costs":
The interface "Cost sharing by products" is used in two plans - in "Plan production costs" and "Plan fixed costs".
Adjusting costs with the application of the ABC method extends the analysis capabilities for a particular product - see "Product report. Margin analysis and break-even analysis".
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