| Calculate Standard Costs by Project (tipcs3250m000) Use this session to calculate the standard cost of a project and its customized items. The
output gives insight in the budgeted, estimated and actual costs per
project. Note To improve system performance, you can run
this process in multiple bshells, which allows LN to run the process
on multiple processors. The project calculations can be performed in separate
bshells. For more information, refer to To use boosters. - When you execute this session, the standard cost of
customised subassemblies is calculated for the projects within the specified
range.
- You can calculate the standard cost for items without project
in the Calculate Standard Cost (ticpr2210m000) session.
Selection Calculation Group A code representing a group of projects the user uses to
compare financial data. You can assign a calculation group to: - A budget
- A main project (as long as the calculation group is not
assigned to another project or single project)
- A single project (as long as the calculation group is not
assigned to another main project or single project)
Project A collection of manufacturing and purchasing actions that are
performed for a particular customer order. A project is initiated to plan and
coordinate the production of the to be manufactured items. For a standard-to-order production, the project is only
used to link the item with the customer order. A project can also include
these: - Customized item data (BOMs and routings)
- Project planning (activity planning)
Project Type A way to characterize projects. A project can have one of these types: - Main Project: the project structure is composed of
subprojects
- Subproject: the project is a subproject to a main project
- Single Project: the project is a stand-alone project and
is not part of a main project/subproject structure
Search Key An alternative form of a description used for convenience
during searching. Typically, it is an abbreviation, an acronym, or a mnemonic
alternative to a full description. Perform Estimated Cost Calculation Perform Estimated Cost Calculation If this check box is selected, the estimated cost are
calculated for the range of projects you specify. Skip Projects with an Estimated Cost If this check box is selected, no estimates are made
for projects with an estimated cost present. Effective Date You can specify the effective date of the valuation price
or cost, which can be the current date or a date in the past. Note - If you select the Last Date of Previous Period option, you can also select the Reverse to original inventory value at start of current period check box. For more information, refer to Lower of cost or market value.
- If you click Specific Date, you can enter a date in the past in this field.
Perform Actual Cost Calculation Perform Actual Cost Calculation If this check box is selected, LN calculates the actual
cost for the specified range of projects. Net Change Only If this check box is selected, LN calculates the actual cost only for
projects for which financial transactions were recorded after the previous
standard cost calculation. The Net Change Actual Costs check box in the Project Details (tipcs2130m000) session indicates whether financial transactions were
recorded for a project after the last time the actual costs were calculated. Perform Simulated Cost Calculation Perform Simulated Price Calculation If this check box is selected, a simulated cost is
performed. You cannot perform an estimated or actual cost calculation. Use Cost Calculation Code of Project The cost calculation code which you defined in the Projects (tipcs2101m000) session is used. Alternative Cost Calculation Code You can enter an alternative cost calculation code if you
calculate a simulated cost. Options Update COGS Distribution If this check box is selected, the cost of goods sold is updated during calculation. Recalculate Standard Parts If this check box is selected, the standard cost of the
standard parts in a customized bill of material (BOM) is recalculated, but not updated during estimated and simulated standard cost
calculations. Market Value Inventory Value Based on Lower of Cost or Market Value You can base the value of inventory on the original purchase
prices or the market values. - If this check box is selected, and the market values
are lower than the purchase prices, the market values are used to value
inventory. This method is called lower cost or market value (LCMV).
- If this check box is cleared, purchase prices are used
to determine the inventory value.
Reverse to original inventory value at start of current period Using lower cost or market value (LCMV) to value inventory can result in an inventory value
that differs from the inventory value that is calculated based on the original
purchase prices. If the effective date is the last day of the previous
financial period (the Last Date of Previous Period option is selected), you can use this check box to
determine whether the inventory value is based on LCMV or the original purchase
prices at the start of the current financial period: - If this check box is selected, LN uses the original
inventory value when starting the current financial period.
- If this check box is cleared, LN uses the inventory
value based on LCMV when starting the current financial period.
Note This check box is only available if: Your inventory valuation price is
actualized The Perform Actual Cost Calculation check box is selected. You use LCMV to value inventory The Inventory Value Based on Lower of Cost or Market Value check box
is selected. The effective date is the last date of the previous
financial period The Last Date of Previous Period option is selected.
Value Used if Purchase Receipts exist after last Market Value Date If new purchase receipts exist after the date that market
values are entered for the last time, you must select which cost to use to
calculate the inventory value. You can choose between the following
options: Last Available Order Price The purchase price on the last available purchase order
is used to calculate inventory value. Last Available Market Value
Note You can only select these options if the Inventory Value Based on Lower of Cost or Market Value check box
is selected. | |