COST ANALYSIS

Do you know your true product costs? Knowing your true costs for products and other programs is critical for business and strategic planning. Managerial accounting is concerned with providing management key cost information for decision making. During the last two-decades many new business models have attempted to change the way we do business. Things like Lean, TQM, Six Sigma, Theory of Constraints, and even global competition. Has your cost accounting system kept pace with these changes? Have QMS perform an assessment of your costing methods to determine their effectiveness for today's measurement of performance requirements. The QMS cost analysis assessment includes, but is not limited to Review of all financial performance measurements Evaluate the effectiveness of your product cost information Review cost overhead allocation to product cost methods Determine if full absorption or direct costing methods are being used for treating overhead costs Review of direct labor costing Review of direct material costing Improve your managerial accounting reporting and cost information with QMS Cost assistance. Contact us at 727 725-7674 or qmsjerry@tampabay.rr.com to discuss a custom proposal to your cost analysis needs

Key Potential Deliverables A gap analysis report identifying opportunities and areas of improvement Provide an analysis of the product costing process Provide recommendation of appropriate costing method Provide recommendation for overhead cost treatment in product costs Identify the need for "Cost Accounting" education Rev. 01/2018