Our services include the development of costing systems, analysis of cost components (direct and indirect), accurate determination of product costs, monitoring and analyzing variances, and preparing periodic reports that support strategic decision-making and improve profitability.
- Designing and developing a costing system aligned with the nature of the establishment’s operations and the requirements of the Saudi market.
- Establishing a cost center system and analyzing cost components (direct materials, direct labor, and indirect manufacturing costs).
- Preparing the production budget and implementing a standard costing system.
- Accurately determining the unit production cost to ensure fair and profitable product pricing.
- Analyzing variances between actual and planned costs and providing recommendations to address discrepancies.
- Calculating operating and maintenance costs and linking them to production plans.
- Developing KPIs to measure production process efficiency and control waste.
- Providing training and support to accountants and production teams on the new system, including workshops on cost allocation, variance analysis, and break-even analysis.
- Preparing periodic cost reports to support management in making effective production and marketing decisions.