Standard Cost Scheme Details (ticpr0110m000)

	Standard Cost Scheme Details (ticpr0110m000) Use this session to display or maintain the cost components that are linked to a specific scheme in the Item - Costing (ticpr0107m000) session. Related topics Cost Component Scheme in Manufacturing Detailed cost component Standard Cost Component Scheme The code under which cost components are collected. Cost Component Type The cost type defines the elements that make up the standard cost and the valuation price. Cost types indicate the type of costs that must be posted to a cost component. Allowed values Cost Types Component Type The type of cost component. Allowed values Cost Component Type 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. Related topics Cost Component Scheme in Manufacturing Collect in Scheme Specify if the selected cost component is linked to a cost component scheme. Type of Operation Costs Specify the type of operation costs linked to the cost component. Allowed values Type of Operation Costs Fixed / Variable Specify if the cost component is of the type fixed or variable. Direct / Indirect Specify if the cost component is for a direct or indirect cost.