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Cost Reports
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Cost reports can be created after all the cost maintenance.
These
reports can be gratifying and most certainly will reflect upon you.
Managers and others in the company need these reports to do their job
well. Likely, once the Cost Accountant has credible reports,
a long list of requests for additional reports will follow.
The Cost Accountant will be asked to create many unique reports to help
run the business.
Here
are the most popular:
How
are good reports made?
- The cost system needs good inputs
- Floor reporting needs to be accurate
- Material costs need to be up-to-date
- Revenue pricing needs to be up-to-date
- Remember: Garbage-in, garbage-out
- The burden
allocation needs to be fair and reasonable
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