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Prologic Technology Group >  My ERP >  Standard Product Costing

Standard Product Costing is an interactive, comprehensive tool, providing "what if" analysis ability, that accurately maintains standard or estimated costs for management planning.

Product Capabilities

  • Maintains beginning-of-the-year standard cost projections and current costs
  • Separates standard and current costs into material, labor, fixed and variable burden, and two user-defined costs
  • Supports value-added costs at each level of the bill of material and accumulates costs from lower levels
  • Calculates labor for each operation on each item when linked to Standard Product Routing
  • Provides costed bill of material reports in single level, indented, and summarized formats
  • Facilitates "what if" cost analysis for comparing standard costs with estimated costs by allowing the downloading of inventory last costs and the use of two user-definable costing fields
  • Provides critical ratios such as gross margin percentages and cost variances
  • Allows the posting of standard costs to the item master files
  • Handles multiple departments and work centers

Application Details

  • Routing Cost Build Up calculates current value added labor and burden costs for part routings.
  • Cost Tables are user-defined and integrated with the Job Costing module
  • When integrated with My ERP's Accounts Payable, Purchase Order & Receiving, and key production packages, management can use "what if" planning to compare actual costs, planned purchase costs, and standard costs.
  • When integrated with My ERP's Bill of Materials and Standard Product Routing, labor, material, and burden cost build-up can be calculated.


  • The Cost Listing Report shows material, labor, fixed and variable burden rates, man-hours, and total costs for any range of item numbers.
  • Missing or Zero Costs Report shows items without a cost record and those items whose combined material, labor, and burden values add up to zero.
  • The Standard vs. Current Variance Report allows management to track the change of current costs from the standard, giving visibility to purchase manufacturing cost variances.
  • The Cost of Sales Report determines the cost of goods sold and the gross profit margin.
  • The Cost of Inventory Report identifies the cost of inventory remaining in stock.
  • The Purchase Price Variance Report identifies instances of when material costs exceed the current or standard cost by a specified percentage.
  • Additional reports are available, as well as the capability to create and customize individual reports.


  • My ERP's Standard Product Costing is fully integrated with the standard  My ERP security application.  User passwords will provide controlled access to the Standard Product Costing module.

System Integration

  • Standard Product Costing requires My ERP's Inventory Management module. Integration with the My ERP's Bill of Materials and Standard Product Routing modules is highly recommended.