Cost Components data

A cost component is a user-defined category for the classification of costs. Cost components contain these functions:

  • To break down an item's cost price, sales price, or valuation price

  • To create a comparison between the estimated production order costs and the actual production order costs

  • To calculate production variances

Cost components can be any of these cost types:

  • Material costs

  • Operation costs

  • Surcharges on material costs

  • Surcharges on operation costs

  • WIP transfer costs

  • General costs

Cost component codes can also be used as searches to automatically load fiscal data suggestions for your inbound and outbound transactions.