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Whether you operate on full cost absorption or direct costs
plus markup, you can establish detail job cost/production
standards. These standards combine with estimating data that
includes operations, materials, outside services, shipping
and miscellaneous costs required to complete a job. Further,
you can calculate profitability and value-added for estimates
and actual job costs. All job cost reports, estimates, estimate-to-actual
reports, actual-to-standard reports and other efficiency reports
are all based on the direct costs, optional overheads, and
production standards you have defined in the Job Costing System.
Since Primac® is fully integrated, nearly all production modules
are easily accessible from within Job Costing . This integration
allows users to:
- Reserve stock inventory
- Review allocated stock on an outstanding P.O.
- Review open or received outside purchase P.O.s
- Check projected stock requirements for inventoried materials
- Review summary and detail costs charged to the job to
date
The Job Costing System uses formulas, tables, and data fed
from other Primac® Systems to calculate costs on a job-by-job
basis. The Job Costing System captures all costs in detail
for six cost types: labor, paper, material, shipping,
miscellaneous, and outside purchase. The system allows four
levels of cost to be maintained for labor: direct, FFOH, VFOH,
and S&A.
Numerous reports, summaries, and inquires aid in data extraction
and interpretation. Standard reports and displays help you
to effectively control job-related costs and predict product
growth, as well as personnel and equipment requirements.
Features
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Allows for accurate determination of estimate-to-actual
costs at six levels: operations, employee, cost
center, department, division, company. Estimate-to-actual
can be accessed at any stage in the job. This allows
the user to view the performance of each department
and make adjustments accordingly.
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Provides total control over retention of job cost
data at both the detailed and summary level.
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Provides the ability to develop true costs at
all of the following levels to determine profitability
factors: jobs, sub-jobs, products, sales rep, estimator,
customer, company, department, and cost center.
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Provides an abundance of variance reports. Sets
of standard costs are established within the system
and actual costs versus standard costs are derived
from this data. Variance reports include data in
regard to spoilage, waste, material usage, production
rates, and employee efficiency.
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Allows users to view all data pertaining to outsourced
work and raw material in real-time as the Inventory
Control System and the Purchase Order System interact.
This allows the user to determine which goods are
on-hand and the current status of each item (available,
allocated, or reserved). Not only can users determine
if goods are on order and when delivery is expected,
but also what other materials or services will need
to be ordered to fulfill the job requirements.
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Automatically checks customer credit positions
for jobs put into production. Accounts receivable
positions are easily accessible in The Job Costing
System.
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Provides summaries of labor, material, outside
purchases, shipping, and miscellaneous for Work-In-Process
(WIP) jobs.
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Allows users to identify types of costing entries
as regular, spoilage, non-chargeable, or customer
change orders.
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Transactions validate cost center, department,
operation code, job number, employee number, roll
number, and product identification number.
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Closed-loop outside purchase capability provides
users with a link between purchase order/receipt/voucher
and auditing with price extension reporting. This
gives the user the proper data to determine the
status of outside purchase orders.
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Master/sub-job capability allows the tracking
of jobs representing components of a product, while
allowing analysis of the overall job (e.g., Master
job = magazine, Sub jobs = signatures, cover, inserts).
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Permits an unlimited number of companies, divisions,
departments, cost centers, and operation codes.
This flexibility allows printers to set up their
company as they see fit.
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Automatically updates cost reclassifications and
reversals in the appropriate Work-In-Process and
Cost-of-Goods accounts. The Job Costing System allows
the user to reverse all or a portion of a job cost
for a specific transaction, a specific cost center,
or an entire cost type (all may be reversed).
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Retains
full audit trails on all costing transactions. The user
defines when job details are purged and when job summaries
are purged from the system. Prevents job detail data
from being purged before all components of the costs
are closed (i.e., work in process, open purchase orders).
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Allows the user to define waste and spoilage amounts
for each individual cost center.
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The Reclassify function provides a flexible way
to re-classify costs by cost type and cost level
from one job to another. This function can be used
when costs are posted to the wrong job or to distribute
costs between sub-jobs and master jobs. All or a
portion of the cost for a specific cost transaction,
specific cost center, or an entire cost type may
be reclassified.
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The Ganged Job Cost Allocation function provides
an efficient and automated way to allocate production
costs in ganged or combination runs back to the
individual items that comprise the ganged job. This
function is particularly useful to sheet-label and
folding-carton printers who traditionally combine
several labels or cartons onto a single press sheet
in order to maximize run lengths. This function
works even if multiple items from multiple customers
are present on the press sheet.
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Can automatically produce Fixed Factory Overhead,
Variable Factory Overhead, and Sales & Administrative
Overhead transactions and their contra accounts
for any cost transaction.
- Job Tracking screens allow a quick review of the
job status as significant dates in the production
cycle are updated real-time by the system or are maintained
by the user. Current and reversed Work-In-Process
totals may be reviewed either at the cost center level or for
the job as a whole.
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