Quoting burden rates vs. costing burden rates

Yahoo Archive
1
Hi Byran ...

We're on 5.1 .. so .. your mileage may vary,

But, all Vantage does is calculate planned costs ...

Later, actual costs are compared to planned costs in
things like the Production Detail Report ...

Analysis involving margin would have to include info
on actual selling price ... which isn't tied in at job
cost reporting time.

Did I read your question correctly?

Mike







-----Original Message-----
From: byran_wig [mailto:byranw@...]
Sent: Wednesday, October 29, 2003 3:24 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Quoting burden rates vs. costing burden rates


Currently, our workcenter master quoting burden rates = costing
burden rates. We are considering changing that so that our costing
rates more closely track acutal costs and our quoting rates more
closely track what we believe to be market conditions. However I
think this will result in the actual job margin to be different from
the quote worksheet margin even if the job performs exactly as
planned. Seems like this would complicate trying to explain why
actual margin differs from expected margin.

Am I missing something? Any words of wisdom?

Thanks!

Byran Wig
Dalsin Industries, Inc.





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2
Currently, our workcenter master quoting burden rates = costing
burden rates. We are considering changing that so that our costing
rates more closely track acutal costs and our quoting rates more
closely track what we believe to be market conditions. However I
think this will result in the actual job margin to be different from
the quote worksheet margin even if the job performs exactly as
planned. Seems like this would complicate trying to explain why
actual margin differs from expected margin.

Am I missing something? Any words of wisdom?

Thanks!

Byran Wig
Dalsin Industries, Inc.