Copying Current Cost to Standard Cost

  1. Open the Roll Current Cost to Standard Cost form.
  2. Specify this information:
    Source
    Select the check box for each item source you want to include in the process:
    • Purchased
    • Transferred
    ABC Code
    Select the ABC codes to include in the process. Use the ABC code to rank items according to annual domestic currency usage. Items with high unit cost and low annual usage could be classified the same as items with low unit cost and high annual usage. A typical breakdown of the categories might reflect that 20% of the items would fall into the A classification (highest annual domestic currency usage), 30% into B, and 50% into C (lowest annual domestic currency usage).
    Post
    Select this check box to post the changes that this utility would make.
    Display Report Header
    Select this check box to include report headers in the output.
    Material Type
    Select the material type(s) of items you want to include in the process:
    • Materials
    • Tools
    • Fixtures
    • Other
  3. For these fields, select the range of values to include in the process:
    • Product Code
    • Item
  4. Click Preview to view the output before running the utility.
  5. Click Print to run the utility and print the output.