enow.com Web Search

Search results

  1. Results from the WOW.Com Content Network
  2. Product cost management - Wikipedia

    en.wikipedia.org/wiki/Product_cost_management

    In the late 1970s, specialized third-party software was developed that could do some of the activities included in PCM. Today, there are several tools that directly or indirectly promote themselves as “Product Cost Management” software solutions. Some of these tools also state that they can help users with problems of target costing, as well.

  3. RCA open-source application - Wikipedia

    en.wikipedia.org/wiki/RCA_open-source_application

    RCA Open-Source Application (ROSA) is an open-source management accounting application that aims to provide decision-support information to managers. Resource consumption accounting (RCA) is a principle-based approach to management accounting that combines German management accounting techniques known as Grenzplankostenrechnung (GPK) with a disciplined form of activity-based costing.

  4. Activity-based costing - Wikipedia

    en.wikipedia.org/wiki/Activity-based_costing

    Create a cost and operational flow diagram – How resources and activities are related to products and services. Collect data – Collecting data where the diagram shows operational relationship. Build a software model, validate and reconcile. Interpret results and prepare management reports. Integrate data collection and reporting.

  5. Backflush accounting - Wikipedia

    en.wikipedia.org/wiki/Backflush_accounting

    The backflushing transaction has two steps: one step of the transaction reports the produced part which serves to increase the quantity on-hand of the produced part and a second step which relieves the inventory of all the component parts. Component part numbers and quantities-per are taken from the standard bill of material (BOM). This ...

  6. Target costing - Wikipedia

    en.wikipedia.org/wiki/Target_costing

    Market driven target costing is the first section in the target costing process which focuses on studying market conditions and determining the company's profit margin in order to identify the allowable cost of a product. Market driven costing can go through 5 steps including: establish company's long-term sales and profit objective; develop ...

  7. Cost estimate - Wikipedia

    en.wikipedia.org/wiki/Cost_estimate

    The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate. A cost estimator is the professional who prepares cost estimates.

  8. PRICE Systems - Wikipedia

    en.wikipedia.org/wiki/PRICE_Systems

    PRICE Systems’ cost estimating software was first developed in the 1970s when David Shore, a vice president in RCA's Government Group discovered that Frank Freiman, in the purchasing department, was able to predict the cost of military new systems with considerable accuracy before design was completed and a parts breakdown was available for ...

  9. Design-to-cost - Wikipedia

    en.wikipedia.org/wiki/Design-to-cost

    Design-to-Cost (DTC), as part of cost management techniques, describes a systematic approach to controlling the costs of product development and manufacturing.The basic idea is that costs are designed "into the product", even from the earliest concept decisions on and are difficult to remove later.