TOP-JCOST

Trinity Operating Procedures - TOPs

TOP-JCOST: Job Costing

Rev: 12/06/2017

Scope: This procedure covers job costing and related analysis.

Procedure:

STEP WHO WHEN INFO TO USE WHAT TO DO

1 CFO As deem necessary, but typically quarterly M2M work center table; Financial Statements; Activity Based Costing (ABC) Spreadsheet; other company data as deem appropriate Gather financial and other data needed by the ABC Spreadsheet (typically this is the latest quarter's financial data plus activity metrics such as employee counts, hours worked, energy usage, etc.); run the ABC Spreadsheet and verify with other key managers that the results are reasonable; as necessary, correct underlying data and re-run the ABC Spreadsheet; use the results of the ABC Spreadsheet to update the labor and overhead rates in the M2M work center table

2 VP-Quality & Engineering Weekly, typically on Friday after previous week's postings are complete M2M data; Profitability Spreadsheet Execute the Profitability Spreadsheet's update macro to produce costing data on all orders shipped the previous week; save the week's Profitability Spreadsheet and e-mail a hyperlink to all key managers.

3 VP-Quality & Engineering Weekly, in Operations Meeting Profitability Spreadsheet; any other data deemed appropriate Review the Profitability Spreadsheet for the previous week's shipments with key managers; use whatever data may be available (typically immediately via laptop) to explain anomalies; assign further research or corrective action as deem appropriate (follow-up typically monitored via the Operations Meeting agenda).

Revision history:

Release Date	Description of Change	Owner	Approver
12/06/2017	Updated to comply with revised Quality Manual and new TOPs format.	Tim Ellis	Todd Sheppard

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STEP	WHO	WHEN	INFO TO USE	WHAT TO DO
1	CFO	As deem necessary, but typically quarterly	M2M work center table; Financial Statements; Activity Based Costing (ABC) Spreadsheet; other company data as deem appropriate	Gather financial and other data needed by the ABC Spreadsheet (typically this is the latest quarter's financial data plus activity metrics such as employee counts, hours worked, energy usage, etc.); run the ABC Spreadsheet and verify with other key managers that the results are reasonable; as necessary, correct underlying data and re-run the ABC Spreadsheet; use the results of the ABC Spreadsheet to update the labor and overhead rates in the M2M work center table
2	VP-Quality & Engineering	Weekly, typically on Friday after previous week's postings are complete	M2M data; Profitability Spreadsheet	Execute the Profitability Spreadsheet's update macro to produce costing data on all orders shipped the previous week; save the week's Profitability Spreadsheet and e-mail a hyperlink to all key managers.
3	VP-Quality & Engineering	Weekly, in Operations Meeting	Profitability Spreadsheet; any other data deemed appropriate	Review the Profitability Spreadsheet for the previous week's shipments with key managers; use whatever data may be available (typically immediately via laptop) to explain anomalies; assign further research or corrective action as deem appropriate (follow-up typically monitored via the Operations Meeting agenda).