| STEP |
WHO
|
WHEN
|
INFO TO USE
|
WHAT TO DO
|
RESULTS
|
| 1 |
Controller |
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 |
Accuracy of
job costing maintained by keeping labor and overhead
rates current |
| 2 |
Controller |
Weekly, typically on Tuesday 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 |
Previous week's job costing information
distributed to key managers |
| 3 |
President |
Weekly, typically Wednesday morning operation
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 Morning
Operations Meeting Agenda) |
Costing information analyzed with
follow-up |
