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Standard Costing Templates Version 5.0

Assign individual or average costs to production or services, apply overhead recovery including depreciation to each product/service.
Includes benchmarking other company cost expense ratios.

Calculates depreciation rate per hour for assets in use.

Calculates material costs.

Calculates employee costs
Calculates the full hourly paid rate per employee.
Set up a standard costing for products or services:
Budget direct employee hours.
Budget indirect employee hours.
Budget raw material cost rates and total costs.
Budget equipment hours.
Allocate overhead costs.
Standard Costing automates calculations for standard costs for any product of service.
CURRENCY > You can set the currency to any symbol by opening the Format menu in Excel and selecting Cells from the drop down list, which produces the Format Cells table. Click Currency and then choose the currency you want to work with from the Symbol panel.
The download file is zipped.

Key features of Standard Costing Templates 5.0:

• Budget direct employee hours required to produce or deliver a unit of output/service, the number hours worked and total employment costs.

• Budget indirect employee hours required to support (indirectly) the production or delivery of a unit of output/service, the number indirect hours worked and total employment costs.
  Raw materials used to produce or deliver the unit of output, the current cost rates and total material costs.

• The equipment hours used to produce or deliver a unit of output/service, the hourly depreciation rate and the full allocated cost of depreciation.

• Allocation of overhead costs based on either: employee hours worked, or equipment (machine) hours required, or sales value as percentage of total sales value output. The user selects which overhead allocation method is applied to their standard costing calculations.

Standard Costing Templates 5.0-screenshot: