Item Actual Landed Costs by Cost Component (tclct3501m000)

Use this session to view an item's actual landed costs by cost component.

 

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)
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:

  • Material Costs
  • Operation Costs
  • Surcharge on Material Costs
  • Surcharge on Operation Costs
  • WIP Transfer Costs
  • General Costs
Note

If you use Assembly Control (ASC), you cannot use cost components of the General Costs type.

Note

The cost component must be available in the effective cost component structure of the landed cost line's item, which you can view in the Effective Cost Component Structure (ticpr3101m000) session. If the cost component of the landed cost line is not present in this structure, the average landed cost is added to the aggregated cost component for material costs, as specified in the Aggregated Material Cost Component field of the Items - Costing (ticpr0107m000) session.

Average Landed Cost

A cost component's average landed cost, which is based on cumulative purchases or on the current inventory, as specified in the Method of Calculating Average Landed Cost field of the Landed Costs Parameters (tclct0100m000) session.

Currency

The monetary unit in which the purchase price is expressed.

Note

When the purchase currency is changed, prices are automatically recalculated.

Purchase Price Unit

The item unit in which an item's purchase price is expressed. This unit can differ from the item's inventory unit.

Note

When the purchase price unit is changed, prices are automatically recalculated.

Latest Landed Cost

A cost component's latest landed cost.