Item Inventory - Cost Details (whwmd2517m000)

Use this session to view the inventory cost details by item and warehouse.

 

Warehouse

A place for storing goods. For each warehouse, you can enter address data and data relating to its type.

currency

The currency used to value the item.

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.

Standard Cost

The sum of the following item costs as calculated by the standard cost calculation code:

  • Material costs
  • Operational costs
  • Surcharges

Prices that are calculated against other price simulation codes are simulated prices. The standard cost is used for simulation purposes and in transactions when no actual price is available.

Standard cost is also an inventory valuation method for accounting purposes.

Standard Cost Hours

The standard number of hours for an item/warehouse/cost component combination.

Note

You can view this field only if the Show Hours in Costing check box is selected in the Implemented Software Components (tccom0100s000) session.

MAUH(by Warehouse)

The average number of unit hours for item/warehouse/cost component combination.

Note

You can view this field only if the Show Hours in Costing check box is selected in the Implemented Software Components (tccom0100s000) session.

MAUC(by Warehouse)

An inventory valuation method for accounting purposes.

The MAUC is the average value for each unit of the current inventory. For each new receipt the MAUC is updated.