Production Costs
THIS COURSE IS MEANT FOR
Leaders, Managers, Supervisors and people in charge of different areas, quality people, or production companies with this kind of service in manufacturing to get this level.
DEVELOPING COMPETENCIES
Continuous Improvement, problem analysis, performance orientation, control.
OBJECTIVE
Decisions in the administrative management somehow determine the company’s accomplishment goals. It is needed to have trustworthy and timely information about the made operations in the different internal processes, particularly those that produce goods or services. It is required to know the obtain production costs. This course is designed to provide the production costs computing fundamentals and procedures within the company. By the end of the course the participants will know a procedure to compute production costs, and an absorbing cost method to compute productions in their work areas.
TOPICS
I. COSTS ACCOUNTABILITY
A. Costs Importance. Income Statements
B. Costs Classification
C. Direct and Indirect Costs
D. Variable and Fixed Costs
E. Absorbing and Direct Costs
II. PRODUCTION COSTS
A. Production Description Cost
B. Related Items
C. Computing Procedures. Practice Exercise
III. ADDING DIRECT WORKFORCE COSTS
A. Workforce Costs
B. Related Concepts
C. Computing Forms. Practice Exercise
IV. DETERMINING MATERIALS, INPUTS, AND SERVICES COSTS
A. Description
B. Related Concepts
C. Computing Forms. Practice Exercise
V. MANUFACTORY INDIRECT EXPENSES
A. Indirect Manufactory Costs Description
B. Related Concepts
C. Computing Forms. Practice Exercise
VI. UNITARY COSTS
A. Unitary Cost Description (by produced unit)
B. Computing Form. Practice Exercise
VII. PRACTICAL APPLICATIONS
A. Production Costs Computing by Application Area
B. Computing Software Simulation
BENEFITS
At the end of the course the participants will know a procedure to estimate the production costs and costing method to estimate the production cost in its work areas.
