Tips for ML / Actual Costing
»» Actual cost of finished/semi-finished products are available.
»» Comparison of actual cost and standard cost is possible for variance analysis and other MIS reporting purpose.
»» In future if transfer pricing requirement arises then it can be easily activated as Actual costing material ledger is already working.
»» Actual cost of vehicle and other finished product can be computed in terms of variable and fixed cost detail.
»» Actual costing material ledger is totally new concept so it took a lot of time to make the super user and core user comfortable with the concepts and working of Actual costing Material Ledger.
To get brief knowledge regarding it, Click below……