A costing method is a technique businesses use to determine the cost of producing a good or providing a service. It involves analyzing various cost elements like raw materials, labor, and overhead expenses to accurately calculate the total cost per unit. #odoo17 There are different costing methods, each with its own advantages and best suited […]
In this video, learn how to use the First In First Out (FIFO) costing method through the Manufacturing Application. 0:00 – Introduction 1:13 – Check Components in Stock 2:48 – MO for Table 1 4:08 – MO for Table 2 6:56 – Sell Table 1 8:09 – Inventory Valuation (FIFO) 9:13 – Check Product Cost 9:35 – […]
In this video, learn how to use the Standard Price costing method through the Manufacturing Application. 0:00 – Introduction 1:13 – BoM Structure & Cost 3:54 – MO for Table 1 4:57 – Purchase Components for Table 2 6:46 – Inventory Valuation 7:59 – Complete MO for Table 2 9:22 – Update Product Cost 11:02 – […]
In this video, learn how to use the Average Cost costing method through the Manufacturing Application. 0:00 – Introduction 1:13 – Set up work center 3:27 – MO for $80 table 4:14 – Reorder expensive components 6:07 – MO for $110 table 8:44 – Conclusion Other lessons related to this video: Manufacturing in 1 step : […]
Learn the basics of how costing methods work in the Manufacturing application on Odoo. 0:00 – Introduction 1:19 – Check component costs 2:03 – Check operational costs 2:50 – BoM Overview 3:49 – Compute price from BoM 4:28 – Set costing method 6:26 – Conclusion Other lessons related to this video: Costing: AVCO: Costing: Standard […]
Product costing operations are one of the most difficult duties for a business. Using product costing methodologies, it is simple to assign a definite price to a manufactured product. Video Chapters 00:00 – Introduction 01:21 – How to set the costing method as the standard price. 05:16 – How to set the costing method as […]
