Process costing for Manufacturing order and work order odoo apps helps to manage machine costing, labour costing, material costing and overhead costing calculation on Bill of materials, Production order and work order for manufacturing application. This Odoo apps is very useful for those company who using MRO for manufacturers industry management with Odoo. With use of this application you can define labour cost/hour and overhead cost/hour from the work center and once bill of material -BOM will be created for finished goods selected components will helps to calculates planned material cost and based on selected routing on BOM, planned labour cost and overhead cost will be calculated. Once Manufacturing order is process based on actual finished goods and actual time actual costing of labour ,overhead will be calculated.
Bill of Materials - Direct Material Cost
Here you can see that direct material cost automatically added based on components of the Bill Of Material in Odoo.
If you want to add direct material cost manually then you can also add in Odoo.
Bill of Materials - Direct Labour Cost
You can configure Direct Labour Cost on Bill of Materials in Odoo.
Bill of Materials - Direct Overhead Cost
You can configure Direct Overhead Cost on Bill of Materials in Odoo.
Bill of Materials Costing
Here you can see total cost of Material,Labour and Overhead.
Create Manufacturing Orders From Odoo
When you create manufacturing orders from BOM then selected BOM's Direct Labour Cost and Direct Overhead Cost will be filled automatically on manufacturing order in Odoo.
Direct Material Cost will be filled automatically based on Consumed Materials of manufacturing order.
If you want to add direct material cost manually then you can also add in Odoo.
Create Manufacturing Work order From Odoo
By clicking on Create Work orders button in Odoo, Work order will be created with Direct Material Cost, Direct Labour Cost and Direct Overhead Cost.
Workorder Form View
Manufacturing Actual Costing
User can see actual quantity of direct material cost.
Users can also print Bill of Materials report with all costing methods.
Manufacturing Orders Report in Odoo
Process Costing in Manufacturing With Journal Entry Odoo apps is use to calculate process costing of manufacturing and it's workorder process along with with accounting, Which define labour cost and overhead cost from work center. This odoo apps helps to calculate Material Cost, Labour Cost, Overheads Cost for manufacturing and production orders when MO and workorder finished. Its calculates estimated costing and real costing both , estimated costing calculated on Bill of Material-BOM and real costing calculated on Manufacturing Order based on real-time consumption and actual quantity consumption on production order, So production manager can see difference of estimated costing and real costing to improve the productivity. Also Odoo app generate accounting journal entry for calculated manufacturing process costing for material cost, labour cost, overhead cost to manufacturing order.When journal entry will created for manufacturing order it will include all the process costing calculation for material, labour and overhead costing on journal entry .You can also see the process costing calculation on Manufacturing order reports.
Product Category Configurations
User have to set product's inventory valuation as "Automated" and select "Account Stock Properties" journal entry will created based on this.
Bill of Materials
Create bill of materials in Odoo.
Manufacturing Order
User have to create manufacturing order and add "Direct Material Cost", "Direct Labour Cost", "Manufacturing Overhead Cost" in Odoo.
User can see "Total Actual Material Cost" and "Total Actual Cost" of manufacturing order under "Costing" tab in Odoo.
Journal Entry in Odoo
User can see created stock journal entry for done manufacturing order.
And If you have multiple Manufacturing Units with Branches, To manage them you can always use our Odoo App
Multiple branch/unit(operation) management.
