Throwing money out the window
Is calculating an accurate product cost a guarantee that inventory is valued correctly? The resounding answer should be NO! Your costing system can dictate the price of every product, precisely and...
View ArticleIs Your Inventory a Cesspool?
At the Variance Analysis Seminar we got into quite a discussion about how unreconciled variances can be a burial ground for many of management’s problems or “unreconciled differences”. It is very...
View ArticleWhat is the value of your inventory this month?
This is the second part of my three-part series on how do you know if you have a problem related to your costing. In the last blog article, I mentioned how costing problems may develop other problems...
View ArticleThe highly anticipated third post…
This is the last in a series of three posts that I’ve written concerning when a manager would know that they’re having a cost problem. In the first post, I discussed gross profit fluctuations and how...
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GAAP and Inventory
We were recently called in to consult with an accounting firm on a costing issue involving one of their manufacturing client’s. This firm is located out West and had a manufacturing client in the...
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