Item - Costing (ticpr0107m000)

	Item - Costing (ticpr0107m000) Use this session to view, specify, and maintain cost-related data for items. Note If you have started the Item - Costing (ticpr0107m000) session by zooming, you can only find and select a record. You can create new items in the Items (tcibd0501m000) session. For a purchased item, the standard cost in this session is 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 Activating standard cost by enterprise unit for multisite Standard cost Standard Cost by Enterprise Unit Valuation Prices Cost calculation methods Cost Calculation Code Cost Component Scheme in Manufacturing Lower of cost or market value Currency systems Item data Activating multisite - overview Multisite overview Item Costing Setup Item The item to which the costing data is applied. Enterprise Unit The enterprise unit for which the standard cost is maintained. Financial Company A company that is used for posting financial data in Financials. You can link one or more enterprise units from multiple logistic companies to one financial company. Costing Type A classification of the type and usage of the item costing data. Allowed values Item Costing Type Standard Costs Base If this check box is selected, the standard cost of the selected enterprise unit and item combination, is selected as the standard base cost of production for the item across the whole company if: You want to use the standard cost in a calculation that is not linked for to a specific enterprise unit. For example when calculating the global item sales price. If the Standard Cost per EU Mandatory check box is cleared in the Standard Cost Calculation Parameters (ticpr0100m000) session, and no standard cost is specified for a combination of item and enterprise unit, you can use the standard cost base for further cost calculations. Related topics Standard Cost by Enterprise Unit Warehouse The item's (costing) warehouse where the goods are received. This warehouse is used to calculate the warehouse surcharges that apply to the standard cost. Related topics Cost calculation methods Costing Source The costing source on which the standard cost calculation is based. This field is used to decouple the costing source from the default supply source. If the supply source is (temporarily) changed, the calculation of the standard cost is not automatically affected. In case of intercompany trade, only a costing source (and no supply source) is applicable. Allowed values Costing Source Supplying Enterprise Unit The enterprise unit that supplies the item, if the costing source is Intercompany Transfer or Intercompany Purchase. Related topics Intercompany trade - introduction Supplying Purchase Office The purchase office that supplies the item, if the costing source is Intercompany Purchase. Related topics Intercompany trade - introduction Actual Supply Source The actual supply method that is used to replenish the inventory on hand for the current date. Note The actual supply source can differ from the item's default supply source if you temporarily changed it in the Date-Effective Supply Source (tcibd0510m000) session. To start this session, click the Date-Effective Supply Source button. Allowed values Supply Source Standard Cost Component Scheme The scheme to which cost components are linked. Schemes are specified in the Cost Component Scheme (ticpr0109m000) session and cost components are linked to the scheme in the Standard Cost Scheme Details (ticpr0110m000) session. Related topics Cost Component Scheme in Manufacturing Standard Cost The item's standard cost that consists of material costs, operation costs, and general costs. Last Actualization Date The last date the estimated or actual cost of the item was changed. Surcharges by Item If this check box is selected, surcharges can be specified by item. Related topics Surcharges Surcharges by Warehouse If this check box is selected, surcharges can be specified by warehouse. Related topics Surcharges Combined Ownership Allowed If this check box is selected, combined ownership is allowed for this item. Consequently, customer owned costs are (to be) calculated for the item in the standard cost calculation process. Note This check box is available only if the Customer Furnished Materials check box is selected in the Implemented Software Components (tccom0100s000) session. Click Calculate Customer Owned Cost on the appropriate menu to calculate the customer owned cost in the Calculate Customer Owned Cost (ticpr2215m000) session. Related topics Customer furnished materials Item Costing 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: The local currency Two reporting currencies 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. Include Landed Costs If this check box is selected, landed costs are included in the calculations. Landed Costs Set The landed costs set that is linked to the item. General 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. 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. Aggregated The aggregated cost component that is assigned to the applicable cost type (material costs, operation costs, and general costs) in the linked cost component scheme. Related topics Aggregated cost components General Costs The estimated expense costs for the item, such as freight costs, purchase costs, and traveling expenses. This cost type is applicable only for cost items and service items. Actual Cost The total actual costs for the customized item. These costs are, for example, purchase costs and warehouse costs (inventory transfers), direct and indirect production hours, costs of subcontracting operations. These costs include the: Material costs Operation costs Standard cost surcharges Note The actual cost is only calculated for customized items.