| | Item - Standard Valuation Prices (ticpr3540m000)Use this session to list an item's valuation
prices for a specific effective date. If you used the
standard price-calculation code to carry out a valuation price calculation and
you actualized the valuation price, LN displays the standard cost data. You can use aggregated
cost components and detailed cost components to report valuation prices. For
more information, see Cost components in Manufacturing. 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)
Warehouse A place for storing goods. For each warehouse, you can enter
address data and data relating to its type. 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. Currency The currency in which the valuation price is 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: - 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.
The units are included in the product structure or valuation price structure,
and are saved under the relevant cost component during the cost/valuation price
calculation. Receipt Amount The valuation price of the item when received in the warehouse. Issue Amount The item's valuation price when leaving the warehouse. The
warehouse surcharges are included in the issue amount. | |