product costing

product costing

or

job costing

a cost accounting method which applies to separate contracts, jobs or batches of products. Product costing seeks to determine PRODUCT COST which will include materials, labour and overheads.
References in periodicals archive ?
Accurate and timely product costing information is critically important for companies in planning the optimal utilization of company resources.
24 -- Leading paint manufacturer Asian Paints has implemented Informatica PowerCenter to create an unified product costing system.
What was Diodes' product costing process prior to implementing the EPS Product Cost Management system?
This study, therefore, sought to determine the effect of political maneuverability on the relationship between product costing and profitability of Rivers State-owned companies (RSGOCs).
Second, variances are discussed a full six chapters after any discussion of product costing (requiring the instructor to review the elements of product costing as a segue to variance analysis).
Accordingly, a taxpayer in this situation (particularly one without product costing capabilities) probably need not consider a protective change in method of accounting.
GM has fully implemented ABC as a statistical analysis system for product costing.
ABC is essentially forward-looking, while traditional product costing is historically oriented.
Five years ago, a number of manufacturing companies formed a consortium, Computer Aided Manufacturing-International CAM-1), to develop a new approach to product costing.
aPriori will also continue to invest in the expansion of its product costing capabilities for expert cost engineers and sourcing personnel, and expand best practices within its professional services organization to help customers maximize value from their investments in aPriori.
Diodes relied on offline tools to manage their operational product costing which was an enormous task.
In today's hotly competitive business environment, accurate product costing has become critically important to a business's survival.

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