The purpose of the Book is training in Standard and Actual Costing.
The book provides step-by-step training and practical application in determining the total cost of products (production, administration, sales and financial), comparing standard cost with actual figures and then calculating and interpreting the variances, with scientific rigour and a high level of experience; practical for immediate application and for use as a reference book.
Very useful to those involved in Costing, Cost Accountants, Production Engineers, Business Consultants, Accountants, employees working in finance and related fields, as well as the senior and top management of Businesses.
It covers, analyses and presents calculations for: Standard Cost, the Standard Cost Calculation Procedure, the Actual Cost Calculation Procedure, the Variance Calculation Procedure, the Ratio Calculation Procedure, Actual figures, the Administrative and Costing Structure of an Industrial Unit, the Cost of an Industrial Product, Examples from cases of industrial units (e.g. ready-made clothing, a poultry unit), a Health Unit, Services etc., with complete examples.
By studying the book, one can prepare Costing Studies for industrial products and have answers such as:
- What is the Cost of each product produced?
- At what price should I sell each product so that I am competitive but also make a profit?
- How much does running production cost me (labour, fixed and variable expenses)?
- How much does the administrative function cost me (accounts department, office staff, consumables)?
- What is the cost of my sales function?
- Where is my cost getting out of hand, based on the actual figures?
- What is my gross profit per product?
- How much do changes in suppliers’ purchase prices affect the selling price of my products?
- What changes could I make to the operation of my business to increase my profit?
Among the Key Benefits one can gain are:
- The ability to create Costing Studies for Industrial products with: High quality, Productivity, Standardisation of work
- Provision of profitable, high-level and prestigious services
- Benefit from the Accumulated – Built-in professional experience of more than 30 years of operation of Specisoft and its customers: Businesses, Consultants & Accountants
Number of Pages: 314
