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system serve in setting up and monitoring the progress of
projects and individual work orders. The system is based on
a work breakdown structure providing the facility to control
costs and utilization of resources down to the level of an
activity with in a work order. Activity represents the lowest
element of work, the set up and progression of which can be
effectively managed.
Major
Features:
- All
time based costs charged work orders are at standard rates
per grade of employee and type of plant and equipment.
- All consumables and direct purchases are
charged to work orders at actual costs.
- Capable to monitor costs on work orders
by activity.
- Capable to maintain budgeted costs for
each work order and each activity within a work order and
monitor actual costs against variance analysis.
- Capable to maintain budgeted income by
work order and by activity and to monitor actual income
against this.
- Capable to track revisions to budgeted
income on work orders and budgeted costs, man-hours and
machine-hours against each activity.
- Capable to categorize costs (list and define)
and accumulate categorized costs (labor, direct purchases,
consumables, machine-time costs, overhead and others) by
work order and for work-in-progress (WIP) in total.
- Capable
to convert WIP into progress billing, and reduce WIP accordingly.
Interface
with other Systems:
Job Costing
System is integrated with other MIS systems i.e. General Ledger,
Purchase Order Processing, Stock Control, Accounts Payable,
Accounts Receivable, Personnel & Payroll, Cash Management,
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