Order Costing model

The purpose of this model is to enable cost-based and variance analysis against manufacturing order processing. The analysis covers all kinds of variances between cost according to defined standards and actual costs reported against a manufacturing order. There are two ways to analyze the model: view the total cost incurred in acquiring of manufacturing semi-finished products, and view the total for each kind of cost separately. These are controlled by choosing the appropriate order costing level.

This model provides insights into these topics:

• Actual costs by costing component
• Products that are manufactured closest to the standard cost
• Trend in actual cost and cost per unit for a product

By adding various types of dimensions, you can analyze variances from products, raw materials and packaging, and processing plants and lines.

The time dimension and analysis across the time dimension are predefined for easy analysis.