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 components 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. 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 Aggregated Material Cost Component The aggregated cost component to which the item's total material costs are linked. Related topics Cost components in Manufacturing Aggregated Operation Cost Component The aggregated cost component to which the total operation costs for the item are linked. Related topics Cost components in Manufacturing Aggregated Surcharge Cost Component The aggregated cost component to which the total surcharges are linked. Related topics Cost components in Manufacturing 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. 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. 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 standard cost of the item has been changed. Standard Cost Component Scheme The code to which detailed cost components are linked. You must enter a scheme if you want to report detailed cost components for an item in the effective cost-component 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 components in Manufacturing Landed costs – overview Actual Cost The total actual costs for the customized item. These costs include the: Material costs Operation costs Standard cost surcharges Note The actual cost is only calculated for customized items. Material Costs The real material costs for the customized item. These costs are, for example, purchase costs and warehouse costs (inventory transfers). The total material costs can also include standard cost surcharges. Operation Costs The real operation costs for making the customized item, for example, direct and indirect production hours, costs of subcontracting operations, and actual cost surcharges. Last Calculation Date The last date the actual cost of the item has been changed. Actualize Cost Comp Structure for Configurable Item Actualizes the effective cost component structure of generic items with order system FAS.