| | Item - Standard Cost Details (ticpr3505m000)Use this session to display details of
(simulated) standard cost by a specific effective date. 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 date on which the relevant standard cost takes
effect. 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: 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. Number of Units The number of units in the form of either materials or hours,
which are included in the product structure or standard cost structure, and
which are saved under the relevant cost component during the 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 field in the Standard Cost Calculation Parameters (ticpr0100m000) session is selected, fixed
costs are also added to the item's valuation price. 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 field in the Standard Cost Calculation Parameters (ticpr0100m000) session is selected, fixed
costs are also added to the valuation price. 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 field in the Standard Cost Calculation Parameters (ticpr0100m000) session is selected, fixed
costs are also added to the valuation price. 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 field in the Standard Cost Calculation Parameters (ticpr0100m000) session is selected, fixed
costs are also added to the valuation price. 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: - 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. | |