Finished goods costs take into consideration the costs defined in the formula and bill of materials during product development, as well as additional costs and loss factors encountered during production. Static and variable costs embedded within formulas and bills of material contribute to the costs of finished goods. These costs consist of fixed setup charges, scalable labor, tiered labor, markups, margins and losses that may be automatically adjusted based upon the total batch size at time of production. Further costing analysis and approvals can be performed during production, when adjustments are being made to the batch job formula.
Perform “what-if” cost scenarios
Approve formula and bills of materials based upon costs
Compare costs of finished goods in different packaging configurations
Analyze expected vs. actual costs of finished goods