Cost Management
A production cost lands on the department, the project and the product group at once.
- 01 Code parts
- 02 Tagging
- 03 Accumulation
- 04 Allocation
- 05 Variance
Tokuva's cost management rests on tagging every accounting line with nine dimensions. Production cost compares standard against actual, showing material, labour and overhead variances separately.
Capabilities
Nine dimensions
Company, site, department, cost centre, project, product group, channel, activity and a free dimension.
Standard and actual
Material, labour and overhead variances calculated separately.
Production cost
WIP loading per work order and finished goods cost formation.
Product profitability
Selling price against true cost, including landed cost on imports.
Allocation keys
Defined keys for distributing overhead to cost centres.
Dimensions do not multiply postings
The traditional workaround is a new cost centre for every breakdown, and centres run into the hundreds. One Tokuva journal line carries nine dimensions, so a departmental report and a project report come from the same row.
Related
Other modules
See it on your own flow, not a slide deck
Give us three of your items, one of your structures and one of your customers. We will run a single end-to-end flow on your data — order, production, shipment, invoice, ledger.