1. Home
  2. ERP
  3. Manufacturing Management
  4. Product Costing
  5. Cost Accounting Variance and Analysis

By: Peter Poletti

Posted:

Cost Accounting Variance and Analysis Functions & Features

Analyzing the difference between the set budget of a particular item and its actual cost.. Cost Accounting Variance and Analysis Functions & Features are an important module of the comprehensive ERP RFP Template for Discrete Manufacturing.

The ERP RFP template with Cost Accounting Variance and Analysis Functions & Features for ERP is a Microsoft Excel spreadsheet (.xlsx) featuring a total of 3761 decision criteria. The ERP RFP template allows you to quickly and easily prepare the business, functional, and technical requirements sections of the solicitation package you'll send to ERP software vendors. It ensures for:

  • complete response from each ERP software vendor
  • deep and accurate evaluation of submitted ERP proposals
  • impartial side-by-side comparison of ERP solutions evaluated
  • rational and documented selection of the best matching ERP system

The ERP software comparison report can save you up to 90% of the time you would have otherwise spent comparing all the ERP solutions from scratch.

The Cost Accounting Variance and Analysis Functions & Features comprise the following elements:

  • Compares the use of material against historical, budgeted, or actual paid prices, by order, operation, lot, work center, and product

    Analyzing the difference between the set budget of a particular item and its actual cost and sorting it by order, lot, work center, and product code. Compares the use of material against historical, budgeted, or actual paid prices, by order, operation, lot, work center, and product, Cost Accounting Variance and Analysis Functions & Features
  • Material purchase price variance

    Material purchase price variance, Cost Accounting Variance and Analysis Functions & Features
  • Reports variance from norms in material price and material usage

    Reports variance from norms in material price and material usage, Cost Accounting Variance and Analysis Functions & Features
  • Analyzes inventory revaluations

    Analyzes inventory revaluations, Cost Accounting Variance and Analysis Functions & Features
  • Variables in cost modeling include different business scenarios, changes in product volume and size, and varying budgets

    Variables in cost modeling include different business scenarios, changes in product volume and size, and varying budgets, Cost Accounting Variance and Analysis Functions & Features
  • Multivariable cost impact modeling

    Multivariable cost impact modeling, Cost Accounting Variance and Analysis Functions & Features

TEC Advisor can save you up to 90% of the time you would have otherwise spent figuring out on your own which ERP solution is the best for your needs.

Compare Now!
Functions and Features