Marked to Review

New Article: The Cost of Poor Costing

In conversations with manufacturing companies, it’s not long before the discussion of effective costing processes turns to a chat about...

Are you kidding me!

As our lead inside sales associate, I get the chance to talk with lots of costing people. I can recall...

Four Steps to Calculating Process Costs

Process costing focuses on the direct and allocated costs associated with the operation of a given area of the manufacturing...

Picking the Right Driver Is Important To More Than Just Your Golf Game

In the beginning, cost accountants used allocation rates as the way to distribute overhead costs to the products manufactured.  These...

One Size Doesn’t Fit All

A few weeks ago Craig Schiff, President and CEO of BPM Partners, posted his “2011 Performance Management Wish List”.   As I...

The Five W’s (and one H) of Designing Cost Systems

There comes a point in every process manufacturing organization when you know that you need a robust cost accounting system. ...

Top Eight Warning Signs You Have a Dysfunctional Costing System – Part 2

The book Designing Strategic Cost Systems: How to Unleash the Power of Cost Information by Lianbel Oliver has a great list...

What does it cost us to produce this product?

  Sound familiar?  This question is asked countless times by a variety of people inside a business – operations accounting,...

Top Eight Warning Signs You Have a Dysfunctional Costing System – Part 1

Last week I was sitting at my desk trying to think of a blog topic, and the ideas were coming...

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