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Cincom Priority Costing covers the following information and activities:
- Standard cost
- Job cost
- Lot cost
- Inventory accounting
- Variance reporting
Costing translates inventory and manufacturing activities into monetary units, providing financial and management information to better track, control, and optimise manufacturing resources.
Standard costs are automatically "rolled up" through the bill of material and routings.
Inventory valuations are provided in both summary and detail levels by product, location, work order, and lot. Work-in-progress reporting records all work-order transactions and tracks production variances.
In addition to standard costing, actual costing by work order is also available.
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