Learn how to calculate Manufacturing Process Costing for Products in Odoo ?

Process Costing in Manufacturing in Odoo

Process Costing in Manufacturing module is used to calculate process costing (Material Cost, Labour Cost, Overheads Cost) for manufacturing orders by this app in Odoo.

Features

Add material,labour and overhead cost

Customer can add direct material,labour and overhead cost in bom in Odoo.

Total Costing in Odoo

Display total costing BOM and Mo in Odoo.

Pass Material,Labour and Overhead in Odoo

Pass material,labour and overhead cost values from selected BOM in Odoo.

Print BOM And MO Report

Print PDF reports for BOM and MO in Odoo.
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Bill of Materials - Direct Material Cost

Here you can see that direct material cost automatically added based on components of the Bill Of Material in Odoo.

If you want to add direct material cost manually then you can also add in Odoo.





Bill of Materials - Direct Labour Cost

You can configure Direct Labour Cost on Bill of Materials in Odoo.




Bill of Materials - Direct Overhead Cost

You can configure Direct Overhead Cost on Bill of Materials in Odoo.




Create Manufacturing Orders From Odoo

When you create manufacturing orders from BOM then selected BOM's Direct Labour Cost and Direct Overhead Cost will be filled automatically on manufacturing order in Odoo.

Direct Material Cost will be filled automatically based on Consumed Materials of manufacturing order.

If you want to add direct material cost manually then you can also add in Odoo.






Create Manufacturing Work order From Odoo

By clicking on Create Work orders button in Odoo, Work order will be created with Direct Material Cost, Direct Labour Cost and Direct Overhead Cost.




Workorder Form View






Update Product Quantity

Update Product Quantity Wizard in Odoo.




Updated Product Quantity

When you update Qty on Manufacturing order it will auto update all cost lines based on that.





Bill of Materials Report in Odoo




Manufacturing Orders Report in Odoo




Process Costing Manufacturing for By Products in Odoo

Process Costing Manufacturing for By Products module is used to do process costing (Material Cost, Labour Cost, Overheads Cost) for By Products in manufacturing orders in Odoo.

Features

Add Material,Labour and Overhead cost for By-Products in Odoo

Customer can add direct material,labour and overhead cost in BOM for By-Products.

Total Costing for By-Product On BOM

Display total costing for By-Products on BOM and Mo in Odoo.

Pass Material,Labour and Overhead in Odoo

Pass material,labour and overhead cost values from selected BOM in Odoo.

Print BOM And MO Report in Odoo

Print PDF reports for BOM and MO in Odoo.
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Bill of Materials - Direct Material Cost By Products

You can configure Direct Material Cost By Product on Bill of Materials in Odoo.


You can configure Direct Labour Cost By Product on Bill of Materials in Odoo.


You can configure Direct Overhead Cost By Product on Bill of Materials in Odoo.




Create Manufacturing Orders

When you create manufacturing orders from BOM then selected BOM's Direct Material Cost By Product, Direct Labour Cost By Product and Direct Overhead Cost By Product will be filled automatically on manufacturing order in Odoo.






Bill of Materials Report in Odoo




Manufacturing Orders Report in Odoo







Manufacturing Process Costing with Accounting/Journal Entry Odoo Apps

Process Costing in Manufacturing With Journal Entry Odoo apps is use to calculate process costing of manufacturing and it's workorder process along with with accounting, Which define labour cost and overhead cost from work center. This odoo apps helps to calculate Material Cost, Labour Cost, Overheads Cost for manufacturing and production orders when MO and workorder finished. Its calculates estimated costing and real costing both , estimated costing calculated on Bill of Material-BOM and real costing calculated on Manufacturing Order based on real-time consumption and actual quantity consumption on production order, So production manager can see difference of estimated costing and real costing to improve the productivity. Also Odoo app generate accounting journal entry for calculated manufacturing process costing for material cost, labour cost, overhead cost to manufacturing order.When journal entry will created for manufacturing order it will include all the process costing calculation for material, labour and overhead costing on journal entry .You can also see the process costing calculation on Manufacturing order reports.

Features

Add Material, Labour and Overhead Cost in Odoo

Customer can add direct material, labour and overhead cost in BOM and MO.

Total Costing for By-Product On BOM

Display total costing for By-Products on BOM and Mo in Odoo.
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Product Category Configurations

User have to set product's inventory valuation as "Automated" and select "Account Stock Properties" journal entry will created based on this.


Bill of Materials

Create bill of materials in Odoo.




Manufacturing Order

User have to create manufacturing order and add "Direct Material Cost", "Direct Labour Cost", "Manufacturing Overhead Cost" in Odoo.






User can see "Total Actual Material Cost" and "Total Actual Cost" of manufacturing order under "Costing" tab in Odoo.




Journal Entry in Odoo

User can see created stock journal entry for done manufacturing order.




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