Cost
Analysis
We have a perfect solution to maximize your profitability with high-quality services
Are you looking for the best outsourcing company that can obtain accurate and relevant costs for your product or brand? Are you struggling to enhance the profitability and performance of your business processes? If so, then we are the top cost accounting service provider that will help you with our professional cost accounting services. Cost analysis also known as benefit-cost analysis, is a systematic approach that is used to determine options that provide the best approach to achieving benefits while preserving saving for transactions, activities, and functional business requirements. It is commonly used to evaluate business or policy decisions.
BnC plays a major role in providing cost accounting outsourcing services and can help you with a variety of cost accounting requirements. We offer insights related to increased cost transparency that helps to identify inefficiencies. When you outsource your services to BnC, you can be sure of increasing your revenue while reducing operating costs. We offer a range of software services from highly qualified experts. Our pricing varies depending on the scope and complexity of the projects.
BnC comprises a knowledgeable team that will assist you in evaluating the total costs and will increase your cost-effective strategies. Our team of experts has worked with manufacturing organizations and has extensive experience in cost analysis accounting services.
Our cost accounting service
Contribution analysis
Variance analysis
Our contribution analysis
identifies the contribution
of a product and measures
the impact of external and internal
factors on the contribution.
It also explains the effect of
contribution on the sales of each
unit and fixed costs.
Break-even analysis
With this analysis,
we identify the survival point
for businesses. We measure the
profit and losses at different levels
of production and sales
and determine the level of sales
volume or value. Under this analysis,
we predict the effect of changes
in sales and prices and provide
effective solutions accordingly.
Here, we detect and
correct variances from the
expected level. We analyze the
cause for the variance between
an actual and expected cost and
advice corrective actions to be taken
to minimize variances. Under variance
analysis, we investigate the causes
of the variance and take
corrective actions accordingly.
Overhead analysis
Overhead cost analysis
is used to calculate the cost
of any work-in-progress.
All costs of production excluding
material and labor costs come
under overhead analysis.At BnC, we
determine the fixed and variable
overhead costs and emphasize
minimizing the variable costs to
maximize profits.We also help
clients monitor their variables
on regular basis.
Other services
Pricing goods and servicing
Management consultancy services
Service tax services
Cost accounting record analysis
Identifying profit centers
Managing information systems
Cost compliance reports services
Project management services
Valuation of businesses
Rehabilitation services
System audit services
Phyiscal verification services
Central excise services
Cost audit services
Cost, Variance, Break-even, Contribution, and Overhead Analysis
Cost Analysis
Also known as benefit-cost analysis, is a systematic approach that is used to determine options that provide the best approach to achieving benefits while preserving saving for transactions, activities, and functional business requirements. It is commonly used to evaluate business or policy decisions.
Steps to the process of cost analysis
-
Set goals and objectives
-
Identify and classify costs and benefits
-
Design a timeline for expected cost and
revenue
-
Monetize cost and benefit
-
Discount costs to obtain the present value
-
Calculate the net present value
Steps for contribution analysis
-
Keep revising the data from time to time
-
Analyze the performance
-
Gather data
-
Develop the process
-
Set out the problem
Contribution Analysis
Our contribution analysis identifies the contribution of a product and measures the impact of external and internal factors on the contribution. It also explains the effect of contribution on the sales of each unit and fixed costs.
Variance Analysis
Here, we detect and correct variances from the expected level. We analyze the causes for the variance between an actual and expected cost and advice corrective actions to be taken to minimize variances. Under variance analysis, we investigate the causes of the variance and take corrective actions accordingly.
Steps under variance analysis
-
Determine the variance between the expected
cost and actual cost
-
Identify the causes for the variance
-
Reporting to the management
-
Implement corrective actions
Break-even analysis authorizes a business organization to
-
Determine the level of sales volume or value
-
Measure the profit and losses at different levels of production and sales
-
Predict the effect of changes in sales and prices
Break-even analysis
With this analysis, we identify the survival point for businesses. We measure the profit and losses at different levels of production and sales and determine the level of sales volume or value.
Overehead Analysis
Here, we detect and correct variances from the expected level. We analyze the causes for the variance between an actual and expected cost and advice corrective actions to be taken to minimize variances. Under variance analysis, we investigate the causes of the variance and take corrective actions accordingly.
Overhead analysis enables a business organization to
-
Estimate the cost of each product
-
Calculate the cost of any work-in-progress
-
Attempt to control costs by comparing actual cost and expected cost