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 Component Scheme in Manufacturing.

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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)
Enterprise Unit

A financially independent part of your organization that includes entities such as departments, work centers, warehouses, and projects. The enterprise unit's entities must all belong to the same logistic company, but a logistic company can contain multiple enterprise units. An enterprise unit is linked to a single financial company.

When you carry out logistic transactions between enterprise units, the resulting financial transactions are posted to the financial companies to which each enterprise unit is linked.

Note

Only visible if Standard Cost per Enterprise Unit in the Implemented Software Components (tccom0100s000) session is Active.

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.

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:

  • 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.

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.

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Receipt Amount

The valuation price of the item when received in the warehouse.

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Issue Amount

The item's valuation price when leaving the warehouse. The warehouse surcharges are included in the issue amount.

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