Process: RtR

Macro-Process: Costing / costing model architecture

Scope: Level 1

Risk

Wrong fixed cost absorption in inventory, plant costing model do not comply with group rules  

Objective

RCOM control plant costing model yearly update

Process description

Costing model is the document which explains the way fixed costs and depreciation are allocated to product costing.

Control description

RCOM reviews through a checklist costing models prepared by each FRA of his/her zone. RCOM checks the existence of validation from GCCO and plant manager

Former Controls

IAC 03.09.04

Control owner

Regional Costing Manager (RCOM)

Due date

D5

Frequency
Control evidence

IAC 01.02 Monthly variance analysis, CCR, manual costing.xls 

Guideline

 
 
   
 I am informed once the standard rates are calculated in the system  
   
 I inform the requester that the standard rates are in the system  
   

Reference

 

Next Operation: OP.013, OP.028