Production Costing

NaviWorld Production Costing , designed specifically for businesses in Vietnam and built on Microsoft Dynamics 365 Business Central, not only complies with essential Vietnamese tax regulations but also offers the robust and efficient features of Microsoft Dynamics 365 BC. Our Production Costing Solution empowers Vietnamese businesses to enhance their operations by providing users with a powerful tool to easily analyze standard and actual costs, minimize manual tasks, boost employee productivity, and obtain real-time insights for informed decision-making.

Key Benefits:

• Ensure adherence to local accounting laws and regulations seamlessly integrated into global operations, reducing legal risks and enhancing trust.
• Optimize workflows across departments like Accounting and Manufacturing, leading to faster processes, reduced manual intervention, and improved productivity.
• Minimize resource consumption and effort through automated processes and enhanced inter-departmental collaboration, leading to cost savings and better resource allocation.
• Provide real-time data and analytics, enabling informed decision-making at all organizational levels and supporting strategic planning and execution.

1. Production Allocation Rules & Targets

• Define production costing KPI
• Provide flexible Cost allocations rules: by output Quantity, by run time (actual, standard, customizable with allocation rate per operation), by raw material cost
• Define standard labor cost/ overhead cost by costing sheet

2. Production Costing Allocation Process

• Automate transfer manufacturing cost from expense account to WIP account
• Define production costing period to collect manufacturing cost
• Allocate labor/ overhead costs to work center, sum up to Production Order

3. Production Costing Reports

• Production costing calculation
• Production Costing Detail Entries
• Production Costing Entries
• Comparing Costing Sheets
• Production Efficiency Report