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Documentation > MAC-PAC Reference Library > Financials > Job Costing > Key Concepts and Procedures > Job Cost Generation > Actual Job Cost Generation

Actual Job Cost Generation

 

Material

For job-controlled parts, actual material costs are the sum of the following transactions:  job purchase order receipts, transfers to and from job inventory, issues from group inventory, issues from excess common inventory, and quantity adjustments.  Material received for a job is costed using standard or purchase order costs, depending on the system-wide option chosen on Reference File category D52, Costing Parameters.  If the invoice option is chosen, the entire invoice quantity is used along with the total invoice amount.  All other transactions are costed at standard.  For non-job-controlled parts, the total cost is equal to the standard cost multiplied by the quantity issued.

Labor

Actual labor costs are equal to direct labor hours charged multiplied by either the employee pay rate or workcenter labor rate, depending on the system-wide option chosen.

Overhead

Actual overhead costs are equal to direct labor hours or machine hours multiplied by the workcenter burden rates.

Miscellaneous Costs

Actual miscellaneous costs are calculated for each outside operation associated with the job.  The cost of these operations is equal to either the standard miscellaneous cost or the phantom purchase order cost, depending on the system-wide option chosen.  For variable miscellaneous costs, if the standard pricing option is chosen, the miscellaneous cost is multiplied by the completed production quantity.  If the purchase order pricing option is chosen, the miscellaneous cost is multiplied by the purchase order received quantity.

Additional Job Charges

Actual additional job charges include any additional actual charges incurred by the job.  These charges are defined by the user using an online maintenance conversation.