Shop Floor Control - Cost Summary

The Cost Summary option displays the accumulated costs of transactions against a work order A document or group of documents that describes a job. A work order can also be a computer file that retains all job information., broken down by the operation A process in the production of an item, component, or finished good. code, material issued, and subcontracts. Totals, variance A comparison of actual cost (the total of all transactions) to the standards. Variances are negative when a job is exceeding the standards and are positive when it actually requires less than the standard. amounts, and variance percentages are shown. This display is unaffected by partial or complete A finished job. By contrast, work order can be partially closed. That is, a portion of the production is closed, but some still remains to be processed. closing of the work order.

The Cost Summary report is created from the Display additional options dropdown list on the Work Order Entry form.

Sample Work Order Cost Summary Report

See Output Options.

The report displays the standard and actual costs broken down by direct and overhead Overhead reflects charges that are not attributable to a specific job. Overhead will include charges such as rent, utilities, and depreciation and those costs are allocated to jobs by an hourly rate. charges; the amount of variance between total actual (direct plus overhead) and total standard; and the percentage of variance between total actual and total standard. Totals showing direct and overhead rate costs for all operations follow the display of labor costs by operation code. Negative variances are shown when actual costs are greater than standard costs.

About the Fields

In the Cost field...

Displays the operation codes and their descriptions.

In the Standard Direct field...

Displays the direct and overhead costs of the standard operation.

In the Standard Ovhd field...

Displays the overhead costs of the standard operation.

In the Actual Direct field...

Displays the actual direct costs.

In the Actual Ovhd field...

Displays the actual overhead costs.

In the Variance field...

Displays the variance in cost.

In the Pct Variance field...

Displays the variance in costs and the percentage of the variance. Negative variances are shown when actual costs are greater than standard costs.

The Cost Summary displays the total standard and actual cost of labor, materials, and subcontracts at standard and actual, the amount of variance between actual and standard, and the percentage of variance between actual and standard. It divides these totals by the scheduled production and shows the resulting standard, actual, variance, and variance percentage figures as “Per/Unit Total.” The Totals portion of the display shows the total accumulated cost in the work order for Labor, Materials, and Subcontracts, and the Number of Labor Hours. These figures are then divided by scheduled production to show the “Per/Unit Total” for these costs and number of hours.

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