- Prepare and maintain product-wise costing based on material, labour, machine, and other relevant costs.
- Review costing periodically and update it based on changes in cost components.
2. Machine Hour Rate
- Review the rates periodically based on actual operating costs and production hours.
- Calculate and monitor Machine Hour Rates for different machines and production processes.
3. Standard Costing
- Assist in establishing and maintaining standard costs for products.
- Compare standard costs with actual costs and identify major variations.
4. Product Pricing
- Prepare costing-based pricing for products.
- Support the team in analysing the impact of cost changes on product prices and margins.
5. Gross Profit & Profitability
- Calculate and monitor Gross Profit at product level.
- Prepare product-wise profitability analysis and identify significant variations in margins.
- Assist in identifying reasons for lower or higher profitability.
6. MIS & Analysis
- Prepare regular MIS reports relating to costing, pricing, Gross Profit, and product profitability.
- Provide relevant analysis and information to support management decisions.
7. Coordination & Other Activities
- Coordinate with Production, Purchase, Sales, and Accounts teams for costing-related information.
- Take up other costing, analysis, and MIS-related work as assigned by the Head from time to time.