ABC Costing Workshop in Food, Beverages and other Industries
Workshop Objective
Participants acquire knowledge of an analytical methodology focused on the analysis and decision making of cost reduction, increased profitability and process improvement through the ABC Costing Course in Production to obtain accurate product costs, creating a practical case study of ABC costs for Manufacturing in MS Excel.
Benefits of Activity-Based Costing
The methodology generates accurate cost information based on the activities carried out by the organization. The analysis and use of information allows to easily detect and capture opportunities for:
- Costs Reduction
- Improvement of the efficiency of processes and activities
- Analysis of utilization and capacity of activities
- Profitability Analysis
- Analysis and optimization of product portfolio by client
- “Activity-Based” Budgeting
- Determination of Management Indicators
Knowledge Transfer / Syllabus
The ABC costing course in food and beverages focuses on participants:
- Knowing the methodology of activity-based costing – ABC in its different modalities: Push Model, Pull Model, Time Driven ABC Model.
- Preparing the accounting and resources to be included in ABC Costing.
- Learn techniques for surveying Activities and Processes.
- Identify cost objects: customers, products, channels, business segments for which real costs and profitability are required.
- Determine drivers for costs allocations.
- Integrate profitability.
- Learn how to analyze ABC information to reduce costs, improve processes, increase profitability, and create budgets.
- Determine key financial and non-financial performance indicators.
ABC Costing Example for Food and Beverages
Participants must bring computer equipment as they will be provided with Excel files to perform the costing of a business case for food and beverages industry.
ABC Costing Model in Food and Beverages
An ABC costing model represents all operational areas of the organization, involves accounting (posted costs and expenses) and the business segments to be costed (products, product families, regions, customers, branches). A model contains the operational structure. In the model, the data changes from period to period and therefore the results obtained by the organization.