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In any industrial company, a new lead or technological development could benefit companies in solving their daily problems, and supplying their needs. However, it is very hard to manipulate the market under all these rapid changes and high competitions.
Accordingly, companies should adopt a flexible strategic pattern, and exploit data technology in order to accomplish its goals in building and developing better future. On this account, ALPHA Production Costing System is implemented to be the ultimate solution for the ALPHA systems. The basic goal for this ALPHA system is to reach the total cost of the final or semi-final manufactured products taking into consideration the following factors:
- Cost of Material.
- Direct industrial expense in each stage of manufacturing.
- Calculate the indirect cost of the product.
The calculation of cost of production depends on the product-entered data, and this is changeable according to any modifications done to the product. On this account, we can calculate the hourly cost for each stage in production.
The hourly cost of production is an important issue because it relies on the production ratio of the company. Thus, the management has to specify the number of working days, and working hours to be able to presume the hourly cost of production in a particular time.
Moreover, the management has to specify the intervals where production is ceased for any applicable reason, for example (Preventive Maintenance Shut down). Thus, the ALPHA Production Costing System provides the working days per year for each stage of production in order to determine the hourly cost of production.
Production Balances ALPHA Production Costing System defines the production Balances for each product and its requirement of raw material or semi-manufactured material. It prepares the automatic vouchers starting from the warehouse raw materials passing through various production stages, and ending with the manufactured or semi-manufactured products.
As a result, the main goal is to control the raw materials vouchers in warehouses, the production expenditures, the merchandise cost, and the total expenses resulting from manufacturing products.
Output: Various Productions costing reports.
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