Product Costing Accountant

For UK Manufacturers

Losing profit in production without knowing why?

A £5m manufacturing business can lose £100,000 a year from incorrect product costing. Most don’t see it.

We rebuild your costing so you can see true cost per unit, real margin and where profit is being lost.

So you can stop losing cash, recover margin and take control of your profit.

Book A Product Costing Call

Most manufacturers we work with:

Think their margins are fine but cash is tight
Price based on outdated costs
Don’t see where time, labour and machine cost are being lost

That is where the gap sits.

We fix that by rebuilding your costing structure so it reflects what actually happens on your shop floor.

Product Costing and Production Budgeting

We fix the heart of your operation. Your product cost structure and production budgeting framework so you make decisions based on facts, not assumptions.

We go beyond traditional accounting. We analyse, calculate, and optimise your true cost per product and design a production budget that connects directly to your financial statements.

Our Product Costing & Production Budgeting service is hands-on and bespoke.

We visit your factory for a minimum of 3 days to complete a full analysis with zero disruption to your operations.

Why Product Costing Matters?

In manufacturing, not knowing your exact cost per product is like running your factory blindfolded.

If your product costs are wrong, everything else is wrong.

Every decision becomes a gamble and the stakes are your margins, your competitiveness, and ultimately your business survival.

Here’s what we see:

Under-pricing without realising
Over-pricing and losing work you could win
Margins that jump around month to month
BOMs that don’t match what’s actually used
Labour times based on guesses, not data
Machine rates built on overheads that no longer reflect reality

We rebuild your costing from the ground up so you know your real cost per unit, per batch or per product.

Just clear, factual costing built around how your factory actually works.

What We Analyse

To calculate your true product cost, we dig into every part of your operation:

Bill of Materials (BOM)

Every component, every gram, every reel. We rebuild BOM accuracy from the bottom up.

Labour

Real run-times, setup times and skill levels. No more guessed labour.

Machines

Run-time, downtime, changeovers and overhead recovery. Proper machine rates that actually reflect cost.

Overheads

Factory rent, utilities, depreciation and indirect costs allocated properly so you see the real cost of production.

Second Ops

Often the biggest hidden drain. We track timings, waste and labour movement properly.

Once this is done, you get costing that tells you the truth.

What you can do with this:

identify unprofitable products
price confidently
negotiate better supplier terms
remove waste that’s been hiding in plain sight
protect margin in competitive markets

When the numbers are right, every decision becomes easier.

Why Production Budgeting Is the Missing Link?

Knowing your product cost is essential but it’s only half the story.
Without a production budget that tracks performance in real time, you have no way to measure if your factory is running profitably day in, day out.

Too many manufacturers rely on annual budgets that sit in a spreadsheet, untouched. In today’s fast-moving market, that’s like navigating with last year’s map.

A real production budget gives you answers like:

→ If it costs £X to make a unit, why did it cost more this month?
→ If capacity is X,000 units, why did output fall below that?
→ Where did labour overspend happen?
→ Which line is draining margin?
→ What’s the true cost of waste, scrap or rework?

A static budget won’t tell you this.
A live budget will.

A live, profit-driven production budget gives you instant answers to critical questions:

If it costs £X to make a unit, why did it cost more this month?
If capacity is X,000 units per month, why was output lower?
What’s the best market entry price to win new customers and still hit margin targets?
How can we reduce production cost without compromising quality

What You Gain

real cost per unit / batch
stable, predictable margins
clear product profitability
improved pricing confidence
a budget that tracks performance, not theory
visibility of where profit is lost
stronger cashflow
better operational decisions
a finance structure that actually supports growth

Your numbers should back your production team work and not leave you guessing.

Who This Is For

This service is built for:

• electronics manufacturing
• CNC machining
• plastics dip moulding
• fabrication and welding
• precision engineering
• assembly lines
• batch production
• any factory where cost per unit or cost per batch really matters

If your work is solid but the numbers don’t add up, this is for you.