Item - Standard Cost Details (ticpr2505m000)

	Item - Standard Cost Details (ticpr2505m000) Use this session to display details of (simulated) standard cost by cost calculation code, item, and cost component. Related topics Calculation of cost/valuation prices for standard/customized/STO items Cost Component Scheme in Manufacturing Detailed cost component Cost Calculation Code A specification of how a standard cost, valuation price, or sales price is calculated. The code stores specific cost calculation data. The price calculation code that is defined in the Standard Cost Calculation Parameters (ticpr0100m000) session determines the standard cost. Other cost calculation codes are used for simulation purposes. The price calculation code for customized items is stored by project. Example Specific operation rates Subcontracting rates Simulated purchase prices Surcharges Item The raw materials, subassemblies, finished products, and tools that can be purchased, stored, manufactured, and sold. An item can also represent a set of items handled as one kit, or which exist in multiple product variants. You can also define nonphysical items, which are not retained in inventory but can be used to post costs or to invoice services to customers. The examples of nonphysical items: Cost items (for example, electricity) Service items Subcontracting services List items (menus/options) 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. Note Only visible if Standard Cost per Enterprise Unit in the Implemented Software Components (tccom0100s000) session is selected. Financial Company Financial Company Inventory Unit The unit of measure in which the inventory of an item is recorded, such as piece, kilogram, box of 12, or meter. The inventory unit is also used as the base unit in measure conversions, especially for conversions that concern the order unit and the price unit on a purchase order or a sales order. These conversions always use the inventory unit as the base unit. An inventory unit therefore applies to all item types, also to item types that cannot be kept in stock. Currency The currency in which the prices are expressed. Cost Component A cost component is a user-defined category for the classification of costs. Cost components have the following functions: To break down an item's standard cost, 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. To view the distribution of your costs over the various cost components in the Cost Accounting module. Cost components can be of the following cost types: Operation Costs Material Costs Surcharge General Costs Not Applicable Note If you use Assembly Control (ASC), you cannot use cost components of the General Costs type. Related topics Cost Component Scheme in Manufacturing Number of Units The number of units of materials or hours. The units are: Included in the product structure or the cost-price structure. Saved under the relevant cost component during standard cost calculation. Added AmountFixed The fixed costs that are connected with the cost components of the item displayed in the session's header. If a cost component is not only applicable for the item displayed in the header, but also for some component items in the item's BOM structure, the costs connected to that cost component are expressed in the Total AmountFixed field. Note Fixed costs are always added to the standard cost of an item. If the Include Fixed Costs in Valuation Price check box in the Standard Cost Calculation Parameters (ticpr0100m000) session is selected, fixed costs are also added to the valuation price. Related topics Valuation prices Standard cost Added AmountVariable The variable costs that are connected with the cost components of the item displayed in the session's header. If a cost component is not only used for the item displayed in the header, but also for some component items in the item's BOM structure, the costs connected to that cost component are expressed in the Total AmountVariable field. Operation rates and surcharges are variable costs if the Variable Cost check box is selected in the following sessions: Item Surcharges (ticpr1110m000) Operation Rates (ticpr1150m000) Assembly Line Surcharges (ticpr1180m000) Project Surcharges (tipcs3120m000) If the Variable Cost check box is cleared, the costs are considered as fixed costs. Note Fixed costs are always added to the standard cost of an item. If the Include Fixed Costs in Valuation Price check box in the Standard Cost Calculation Parameters (ticpr0100m000) session is selected, fixed costs are also added to the valuation price. Related topics Valuation prices Standard cost Total AmountFixed The fixed costs that are connected with the cost components of the header item's parts. The fixed costs that are directly linked to the item in the session's header are displayed in the Added AmountFixed field. Note Fixed costs are always added to the standard cost of an item. If the Include Fixed Costs in Valuation Price check box in the Standard Cost Calculation Parameters (ticpr0100m000) session is selected, fixed costs are also added to the valuation price. Related topics Valuation prices Standard cost Total AmountVariable The variable costs that are connected with the cost components of the header item's parts. The variable costs that are directly linked to the item in the session's header are displayed in the Added AmountVariable field. Operation rates and surcharges are variable costs if the Variable Cost check box is selected in the following sessions: Item Surcharges (ticpr1110m000) Operation Rates (ticpr1150m000) Assembly Line Surcharges (ticpr1180m000) Project Surcharges (tipcs3120m000) If the Variable Cost check box is cleared, the costs are considered as fixed costs. Note Fixed costs are always added to the standard cost of an item. If the Include Fixed Costs in Valuation Price check box in the Standard Cost Calculation Parameters (ticpr0100m000) session is selected, fixed costs are also added to the valuation price. Related topics Valuation prices Standard cost Cost Component Type A cost component is a user-defined category for the classification of costs. Cost components have the following functions: To break down an item's standard cost, 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. To view the distribution of your costs over the various cost components in the Cost Accounting module. Cost components can be of the following cost types: Operation Costs Material Costs Surcharge General Costs Not Applicable Note If you use Assembly Control (ASC), you cannot use cost components of the General Costs type.