Activity-based Cost Allocation [ACA]

TOS

ACS tracks labor cost by activity and allocates labor time to accounts and sub-accounts as defined at the installation site. Details are reported by employee or group of employees, by project/order/lot or by activity / task/ operation. Cost details are also reported by job code or by charge account. Cost details are reconciled with the employee attendance time-line for every segment of time reported, resulting in actual cost information. Cost details upload to an activity-based costing system as needed.

Cost allocation is a significant component of workforce time management operation allowing an enterprise to balance and create a P&L statement on a daily basis. Cetec provides such details on-line depicting labor cost and utilization of such cost.

Functions included in ACA are listed below:

·  Track cost by activity

·  Details are by employee and activity

·  Cost details by pay code

·  Allocation of cost details

·  Cost type reporting

·  Cost details are reconciled with employee timeline

·  Update cost accounting

Cetec Flowchart_ACA
Cetec Automation, Inc.

 

 

 

 

 

 

 

 

 

 

 

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