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Cost 
Analysis

We have a perfect solution to maximize your profitability with high-quality services

Money

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.

cost analysis1.png

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

  1. Set goals and objectives

  2. Identify and classify costs and benefits

  3. Design a timeline for expected cost and

      revenue

  1. Monetize cost and benefit

  2. Discount costs to obtain the present value

  3. Calculate the net present value

Steps for contribution analysis

  1. Keep revising the data from time to time

  2. Analyze the performance

  3. Gather data

  4. Develop the process

  5. 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

  1. Determine the variance between the expected

       cost and actual cost

  1. Identify the causes for the variance

  2. Reporting to the management

  3. Implement corrective actions

Break-even analysis authorizes a business organization to

  1. Determine the level of sales volume or value

  2. Measure the profit and losses at different levels of production and sales

  3. 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

  1. Estimate the cost of each product

  2. Calculate the cost of any work-in-progress

  3. Attempt to control costs by comparing actual cost and expected cost

Contact bncglobal.in for your payroll reconciliation process. We will be glad to assist our clients

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