Costing Techniques : €80
Financial Awarenes & Product Costing
Financial Management Awareness:
Sales & Price , Ex Works or Freight Inclusive.
Promotions
Cost of Production & Value Engineering
Gross Profit/Margin
Overheads, Variable, Semi Variable & Fixed
Operating Profit/Margin
Coffee
Break Out Groups
Exercise in identifying how sales prices are determined
Impact of promotions on business
Review results and have group discussion noting points on chart
Lunch
Costs of Production & Other Costs:
Break Even & Marginal V Full Absorption Costing
Value Engineering – matter of norm not adhoc projects
Group interaction to identify and build up profile, Production, Variable & Fixed Costs.
Mechanics of Product Costing:
Specimen example
Coffee
Break Out Groups:
Preparation of Product Costing specific to the clients business
Feedback on difficulties encountered
Review and analyse with proactive suggestions
Wrap Up & Any Other Business Issues:
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