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Standard and Actual Costing in factory.online

Track standard and actual costs in factory.online. Understand material, labor, and overhead breakdowns to quote accurately and improve profitability.

Updated over 4 months ago

Know Your Costs. Improve Your Margins.

factory.online gives you full visibility into product cost structures, both estimated and real. With every item, assembly, and operation tracked, you can understand exactly where your profit is made – or lost.

Standard Costing Explained

Standard costing is based on pre-defined data:

  • Material costs from vendor agreements

  • Routing-based labor and machine rates

  • Overhead rates per work center

The system calculates:

  • Per-unit cost for finished and semi-finished goods

  • Rolled-up BOM cost across multiple levels

  • Cost breakdown by category (materials, labor, overhead)

Example Output:

Component

Qty

Cost/Unit

Total

GPS Module

1

€25

€25

Connector

2

€1.50

€3

Assembly Labor

-

€12/hr

€6

Total

-

-

€34

Cost Drivers Configuration

  • Labor cost by grade or department

  • Machine rates by line or center

  • Packaging cost rules

Benefits

  • Understand true profitability

  • Set informed pricing

  • Prepare accurate quotations

Planning and quoting are only as good as the cost data behind them.

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