Standard Cost Details - Cost Type (ticpr3505m100)

Use this session to display the cost type totals by item and effective date. The costs are broken down into fixed costs and variable costs.

The cost data is displayed if you:

  • Carried out a standard cost calculation by using the standard cost-calculation code.
  • Actualized the standard cost.

 

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)
Effective Date
The first day on which a record or a setting is valid. The effective date often includes the effective time.
Sequence Number
Item costing data can be actualized several times. If item costing data is actualized two or more times while the effective date is the same (which can happen, for example, if you select Last Date of Previous Period as the effective date), the item costing data is distinguished by the sequence number.

You can only select Last Date of Previous Period if the Backdate Valuation Price Allowed check box in the Standard Cost Calculation Parameters (ticpr0100m000) session is selected.

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
One of a company's base currencies in which LN registers and reports amounts.

In a multicurrency system, up to three home currencies can be defined:

Related topics

Fixed Material Costs
The total fixed costs that are connected to cost components of the Material Costs cost type.
Variable Material Costs
The total variable costs that are connected to cost components of the Material Costs cost type.
Full Material Costs
The total costs, fixed costs as well as variable costs, that are connected to cost components of the Material Costs cost type.
Fixed Operation Costs
The total fixed costs that are connected to cost components of the Operation Costs cost type.
Variable Operation Costs
The total variable costs that are connected to cost components of the Operation Costs cost type.
Full Operation Costs
The total costs, fixed costs as well as variable costs, that are connected to cost components of the Operation Costs cost type.
Fixed Surcharge on Material Costs
The total fixed costs that are connected to cost components of the Surcharge cost type.
Variable Surcharge on Material Costs
The total variable costs that are connected to cost components of the Surcharge cost type.
Full Surcharge on Material Costs
The total costs, fixed costs as well as variable costs, that are connected to cost components of the Surcharge cost type.
Fixed Surcharge on Operation Costs
The total fixed costs that are connected to cost components of the Obsolete cost type.
Variable Surcharge on Operation Costs
The total variable costs that are connected to cost components of the Obsolete cost type.
Full Surcharge on Operation Costs
The total costs, fixed costs as well as variable costs, that are connected to cost components of the Obsolete cost type.
Fixed General Costs
The total fixed costs that are connected to cost components of the General Costs cost type.
Variable General Costs
The total variable costs that are connected to cost components of the General Costs cost type.
Full General Costs
The total costs, fixed costs as well as variable costs, that are connected to cost components of the General Costs cost type.
Total Fixed Costs

The total fixed costs that are connected to cost components of the following cost types:

  • Material Costs
  • Operation Costs
  • Surcharge
  • Obsolete
  • General Costs
Total Variable Costs

The total variable costs that are connected to cost components of the following cost types:

  • Material Costs
  • Operation Costs
  • Surcharge
  • Obsolete
  • General Costs
Total Full Costs

The total costs, fixed costs as well as variable costs, that are connected to cost components of the following cost types:

  • Material Costs
  • Operation Costs
  • Surcharge
  • Obsolete
  • General Costs