SoftGuide > Functions / Modules Designation > Calculation of cost prices

Calculation of cost prices

What is meant by Calculation of cost prices?

The term "calculation of cost of goods sold" refers to the process of determining all costs incurred by a company in producing a product or providing a service. This includes direct costs such as materials and wages, as well as indirect costs like overhead. The COGS calculation helps determine the minimum price a company must charge to cover its production costs.

Typical software functions in the area of "calculation of cost of goods sold":

  1. Material Cost Calculation: Calculation of material costs based on purchase prices, consumption, and inventory.
  2. Wage Calculation: Calculation of direct labor costs for producing a product or providing a service.
  3. Overhead Allocation: Allocation of indirect costs such as administration, energy, or rent to individual products or services.
  4. Fixed and Variable Cost Calculation: Breakdown of production costs into fixed and variable components for better cost analysis.
  5. Margin Calculation: Calculation of profit margins based on COGS and the selling price.
  6. Cost Forecasting: Generating forecasts for future cost developments based on historical data and market trends.
  7. Reporting: Detailed reports on COGS calculation to support pricing decisions and budget planning.

 

Save time and let SoftGuide do the research for you!

Learn more now!

The function / module Calculation of cost prices belongs to:

Calculation

Software solutions with function or module Calculation of cost prices:

prima
prima
 
 
 
 
 
 
The solution for project-oriented service companies
Voracity
Voracity
 
 
 
 
 
 
The most powerful platform for end-to-end data management
elKomBI
elKomBI
 
 
 
 
 
 
Controlling software for analysis, planning and reporting with IBM Planning Analytics TM1
myPARM - Multi-project management software
Multi-project management and PPM software
PST-BI
PST-BI
 
 
 
 
 
 
Data warehouse, cost accounting, planning, reporting, business analytics for SMEs
LEEGOO BUILDER
LEEGOO BUILDER
 
 
 
 
 
 
CPQ system with calculation, product configuration and document output
SIDOUN Globe
SIDOUN Globe
 
 
 
 
 
 
AVA software with cost management and full MS Excel and Word integration
OCT planning
OCT planning
 
 
 
 
 
 
Unlimited possibilities for corporate planning at operational level
fi-square
fi-square
 
 
 
 
 
 
The complete solution for manufacturing companies
FACTON EPC
FACTON EPC
 
 
 
 
 
 
Software solution for company-wide standardized product cost calculation
Show all 13 programs with Calculation of cost prices