Product Costing

Do you know your costs — or just guess them?

Transparent plan/actual figures. See where profit is leaking and make decisions based on data, not intuition.

  • Planned cost based on standard prices and rates
  • Actual cost based on real expenses and time
  • Plan vs actual comparison for precise management decisions

-15%

Deviations between planned and actual cost

+25%

Faster decision-making thanks to transparent data

-15%

Indirect losses caused by inaccurate calculations

How it works

Costs without guesswork

Know exactly how much production costs — with plan/actual in real time.

Cost roll-up: materials, operations and overhead accumulating into product cost

Standard costing

The system calculates costs based on standard rates.

Actual expenses collection

Data on consumed materials and time are collected automatically.

Actual costing

Real cost per each product and order is calculated.

Standard vs Actual comparison

See variances instantly and act on them right away.

Standard, actual and the gap between them

Costing is calculated from the same BOMs, routings and shop-floor records the plant runs on — not re-typed into a spreadsheet.

  • Standard cost built from BOMs, routings and resource rates
  • What-if simulation before quoting a price or accepting an order
  • Actual cost from recorded consumption, machine time and labour
  • Variance analysis by product, batch, material and resource
  • Margin visible per order line, not only at month end

Roles

What will you gain?

Transparent understanding of profitability

Clear visibility of which products generate the most profit.

Pricing design

Confident pricing decisions ensuring costs are covered and margins achieved.

Strategic decisions support

Which products to grow, optimize, or phase out.

Scope

What's in the box?

Planned cost calculation by direct costs (materials, work centers, manpower).

Use of standard material prices and labor rates.

Actual cost calculation based on real stock prices and actual operation times.

Cost accounting for finished goods and each input item.

Plan vs actual comparison with variance analysis.

Identification of deviations by category and item.

Automated reports for management decisions.

Built for real production

More control where manufacturers feel the pain

Practical capabilities that remove rework, hidden delays and spreadsheet handoffs from daily operations.

Stock history follows the business date

Review movements in the period they belong to, not only when someone clicked save.

Included from Pro

Make-or-buy answers without another export

Use ready reports for stock movement, turnover and purchasing decisions.

Included from Pro

Purchased services reach product cost

Subcontracting and service receipts complete the true cost picture.

Included from Pro

Why it matters

What product costing teams get

Smaller cost deviations

Standard and actual costs are compared automatically, order by order.

Faster decisions

Transparent cost data replaces intuition with evidence.

Fewer indirect losses

Accurate calculations reveal where inaccurate estimates were costing you.

Customers

Trusted with their finances

I now get planned and actual cost data for every order. This helps explain variances and make cost optimization decisions.

Liam B.

Finance Controller

Actual costs per operation are recorded automatically — far fewer manual calculations.

Noah W.

Cost Accountant

Costing data is available much faster than before — enabling timely reactions.

Oliver S.

Cost Accountant

Now we know where inefficiencies appear — and cut costs precisely at the source.

James W.

Financial Analyst

FAQ

Frequently asked

Do you know your real production cost? Verify it with factory.online