Item - Standard Cost (ticpr3500m000)
Use this session to display the standard cost by effective date.
Depending on how the standard cost structure is defined, you can use aggregated cost components and detailed cost components, to report standard costs.
Field Information
- Item
- Enterprise Unit
-
Note: Only visible if Standard Cost by Enterprise Unit in the Implemented Software Components (tccom0100s000) session is Active.
- Financial Company
- 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.
- Inventory Unit
- Currency
-
The currency in which the standard costs is expressed.
For more information, refer to the Help of the Currency field in the Item - Costing (ticpr0107m000) session.
- Cost Component
- Cost Component Type
-
The cost type defines the elements that can make up the standard cost and valuation price. It indicates the type of costs to be posted to a cost component.
- Number of Units
-
The number of units of either materials or hours used for the standard cost calculation. The number is saved during the standard cost calculation under the relevant cost component.
- Amount
-
The standard cost amount saved under the relevant cost component during cost calculation. This amount applies to the operation costs and material costs.