Items - Costing (ticpr0107m000)

	Items - Costing (ticpr0107m000) Use this session to list or maintain cost-related data for items. Note For a purchased item, the standard costs in this session are calculated based on the Price Priority levels in the Cost Calculation Codes (ticpr1100m000) session. Performance aspects The settings in this session could affect system performance and database growth. For more information, refer to Cost component setup. Related topics Standard cost Valuation prices Cost calculation methods Cost Calculation Code Cost Component Scheme in Manufacturing Calculation of cost/valuation prices for standard/customized/STO items Lower of cost or market value Currency systems Multi currency aspects of standard cost calculation Item data Item The item to which the costing data is applied. Enterprise Unit A financially independent part of your organization that consists of entities such as departments, work centers, warehouses, and projects. The enterprise unit's entities must all belong to the same logistic company, but a logistic company can contain multiple enterprise units. An enterprise unit is linked to a single financial company. When you carry out logistic transactions between enterprise units, these are posted in the financial companies to which each enterprise unit is linked. You can define intercompany trade relationships between enterprise units to determine the terms for internal trade between these units. To use invoicing and pricing between enterprise units, you must link the enterprise units to internal business partners. You can use enterprise units to do separate financial accounting for parts of your business. For example, you can define enterprise units for separate parts of your organization that belong to one logistic company, but that are located in different countries. The accounting of each enterprise unit is performed in each country's national currency, and in the financial company linked to the enterprise unit. Standard Warehouse for Cost Calculation The warehouse linked to the enterprise unit for cost calculation. Related topics Cost calculation methods Costing Source Specify on which source the cost calculation is based. This is the equivalent of the supply source which is used to choose the kind of supply orders. Allowed values Costing Source Supplying Enterprise Unit If the costing source is Intercompany, the ID of the enterprise unit where items are delivered. Actual Supply Source The supply source that is used to replenish the inventory on hand for the current date as defined in the Date-Effective Supply Source (tcibd0510m000) session. Allowed values Supply Source Standard Cost Component Scheme The definition of the cost components structure. You must define the scheme in the Cost Component Scheme (ticpr0109m000) session. You must link detailed cost components to the scheme in the Standard Cost Scheme Details (ticpr0110m000) session. Related topics Cost Component Scheme in Manufacturing Standard Cost Standard Cost The item's standard cost that consists of material costs, operation costs, and standard cost surcharges. Material Costs The estimated material costs that consist of the total material costs and the total standard cost surcharges that are required to purchase or produce the item. Operation Costs The estimated operation costs that consist of the total operation costs and the total standard cost surcharges to purchase or produce the item. Last Calculation Date The last date the estimated or actual cost of the item was changed. Aggregated Costs aggregated from standard cost component scheme for material, operations, surcharges and general costs. Actual Cost The total actual costs for the customized item. These costs are, for example, purchase costs and warehouse costs (inventory transfers), direct and indirect production hours, costs of subcontracting operations. These costs include the: Material costs Operation costs Standard cost surcharges Note The actual cost is only calculated for customized items. Currency The currency that is used to express the standard cost. The usage of this field depends on the currency system that is set in the Companies (tcemm1170m000) session. Dependent or Standard If your company's currency system is Dependent or Standard, you can enter any currency in this field to express the standard cost. Independent If your company's currency system is Independent, you cannot change this field. However, you can select the local currency or one of the reporting currencies by clicking Rotate Currency. Single If your company's currency system is Single, you cannot change this field. The standard cost currency is the local currency, which is displayed in this field. Surcharges by Item If this check box is selected, surcharges can be defined by item. Related topics Surcharges Surcharges by Warehouse If this check box is selected, surcharges can be defined by warehouse. Related topics Surcharges Combined Ownership Allowed If this check box is selected, the standard cost for items with the customer furnished material check box selected will have the standard cost holding the company part and the possibility to calculate the customer owned value. Related topics Customer furnished materials Item Costing Currency The currency in which the cost components are expressed. Include Landed Costs If this check box is selected, landed costs are included in the calculations. Landed Costs Set Select the landed costs set to be added to the item. Actualize Cost Comp Structure for Configurable Item Actualizes the effective cost component structure of generic items with order system FAS.