| | 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: - Operation Costs
- Material Costs
- Surcharge
- General Costs
- Not Applicable
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 Material Costs field of the Item - 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. | |