Manufacturing ERP Software for Small Business (5-50+ Users)
Total Control Workflow
Bill of Manufacturing
WIP-based product costing is used to calculate work center hourly rates for labor and manufacturing overhead. These rates get applied to standard and actual job labor hours to calculate job costs for labor and overhead. Those job costs, along with material and subcontract service costs, are absorbed into the inventory cost of finished items to provide accurate inventory value and cost of goods sold.
Product costing in DBA is WIP-based, which means that costs are derived from work in process transactions. WIP-based product costing provides the following features and benefits: