Mpact’s Costing Service helps businesses calculate and manage their costs, our service includes analyzing the costs associated with producing and selling products or services, identifying areas where costs can be reduced, and developing strategies to improve profitability.
Costing services that we provide include:
- Job costing: This involves tracking the costs associated with specific projects or jobs and allocating those costs to the final product or service.
- Process costing: This involves tracking the costs associated with a particular production process, such as a manufacturing process, and allocating those costs to the final product.
- Activity-based costing (ABC) : This involves identifying the activities that contribute to the production or delivery of a product or service and allocating costs to those activities based on their level of use.
The main objective of our costing service is to help businesses optimize their costs and improve their overall financial performance. This can be done through various methods, such as conducting cost-benefit analyses, analyzing the profitability of different products or services, and identifying cost savings opportunities.