Cost and Pricing Models: Creating an Effective Tool
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Online
2.00 Credits
Member Price $79.00
Non-Member Price $109.00
Overview
If sales increase, so should profits. Yet, the opposite result often leaves executives scratching their heads. When organizations work with inferior cost information, they make mistakes in four specific situations. Bad information causes sellers to overprice easy, high-volume work and underprice difficult, low-volume work.
This session discusses how to use activity-based costing data to build accurate costing models that consider far more than just the labor and materials necessary to provide goods and services.
Highlights
- Building computer costing models & sub models
- The importance of volume sensitive models
- Your twelve most important indirect costs
- Using rate tables
- Modeling – Professional Services Job Costs
- Modeling – Repetitive Manufacturing
- Why return on sales may be an inferior way to plan for profit
Prerequisites
Some cost accounting experience. Consider attending Advanced Cost Accounting afterwards.
Designed For
Corporate Financial Professionals and the Public Practice CPAs that advise them
Objectives
- Increasing profits
- Build accurate costing models
Preparation
None
Non-Member Price $109.00
Member Price $79.00