Cost and Pricing Models: Creating an Effective Tool
Wednesday, May 15, 2024
Webcast or Webinar, Online
9:00 AM - 11:00AM (opens at 8:30 AM) EST
2Credits
Accounting and Auditing
Registration is Closed
Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.
Members
$79.00 Regular Price
Non-Members
$109.00 Regular Price
Course Type: Webcast
Course Code: 24/AC539163
Level: Intermediate
Vendor: ACPEN
Field of Study: Accounting
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.
Objectives:
- Increasing profits
- Build accurate costing models
Major Topics:
- 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
Major Topics:
- 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