Cost and Pricing Models: Creating an Effective Tool

Overview

If sales increase, so should profits.  Yet, the opposite result often leaves executives scratching their heads.  When organizations work with inferior cost information, they make mistakes in four specific situations.  Bad information causes sellers to overprice easy, high-volume work and underprice difficult, low-volume work. 

This session discusses how to use activity-based costing data to build accurate costing models that consider far more than just the labor and materials necessary to provide goods and services.  

Objectives

• Increasing profits
• Build accurate costing models 

Highlights

• Building computer costing models & sub models
• The importance of volume sensitive models
• Your twelve most important indirect costs
• Using rate tables
• Modeling – Professional Services Job Costs
• Modeling – Repetitive Manufacturing
• Why return on sales may be an inferior way to plan for profit

Designed For

Corporate Financial Professionals and the Public Practice CPAs that advise them

Prerequisites

Some cost accounting experience. Consider attending Advanced Cost Accounting afterwards.

Preparation

None

Notice

Your webinar can be accessed via https://ctcpas.acpen.com/Account/loginhttps://ctcpas.acpen.com/. If you do not have an ACPEN account, please sign up for an account using the email address you have on file with CTCPA.