Best Practices Product Costing - mapics-support.com

1 Copyright 2012. Infor. All Rights Reserved. best Practices in Product CostingWednesday, Apr 24, 11:00 AM -12:00 PM W315 ARick Altenau, CPIM, CIRMG uide Technologies, 631-8800 Standard / GL StuffYes, 11:00AM, the last session on the last day of an ERP conference .. we are going to talk about 2012. Infor. All Rights Reserved. Standard Cost DevelopmentTopic 14 Item Revision FilesDescriptionItem definitionStandard CostsPurchasing dataBill of Material FilesParent itemComponent item(s)Usage (Quantity per)Routing Operation where usedProduction FacilitiesDescriptionCapacities / QueuesPerformance / EfficiencyCost RatesRouting FilesOperation(s) SequenceWork CenterSetup Time & Crew SizeMachine & Labor TimeProduct Costing Database5 Product Costing Database (EPDM)Operation DescriptionLocation1. Cut sheet metalFAB2. Drill 5 holesFAB3. Assemble both partsASSY4. Weld togetherWELDINGQ uantity Per:Item Numbers:32 Items Bill ofMaterial ProductionFacilityRoutingABC123456 These production facilities have a cost rate per hour for: Labor Machine OverheadThese routers have a time for: Setup Run Labor Run MachineThese purchased items have a unit cost for: Material6 Standard Cost SystemsITMREVB(Standard Cost File)Item Revision FileXA has TWOstandard cost systems One is designed for Accounting s frozen standard cost The other is designed for you to use as you like.

6 Standard Cost Systems ITMREVB (Standard Cost File) Item Revision File XA has TWO standard cost systems •One is designed for Accounting’s “frozen”

Loading..

Tags:

  Product, Practices, Best, Costing, Best practices product costing

Information

Related search queries