Product cost is guessed because material and time consumption is not recorded. What is needed is a bill of material and a production order that records actual consumption.
Components and quantities per unit produced, with wastage added on top.
Plan, then release to issue components from stock, then finish to receive the product.
Product cost from the components actually issued and labour recorded, not an estimate.
On one set of data: what happens here reaches these apps without anyone retyping it.
From the components actually issued from stock and the labour recorded on the run — not from an estimate.
Yes. Each component on a bill of material can carry a wastage percentage added on top of the quantity.
Yes — before a run is released, each component’s availability in the warehouse is shown.
Metal shops and factories cutting, bending, welding and machining, where cost depends on material, time and waste.