Operation-based Standard Costing

• Production costs are classified as material costs, overhead costs, labor costs and tool costs.
• Material costs are further categorized as either direct or packaging.
• Material (direct and packaging) standard costs are derived from ACCPAC IC standard costs.
• Overhead costs can be fixed or variable.
• Labor costs are composed of setup labor and direct or run-time labor costs.
• Resources and tools can be applied to work centers for costing purposes.
• Assembled standard costs derived from the BOM can be exported to ACCPAC Standard Costs.