Calculating Standard Cost and Actualizing Cost Component Scheme

If the Standard Cost by Enterprise Unit check box in the Implemented Software Components (tccom0100s000) is selected the standard cost calculation is always performed at enterprise unit level. You must have an enterprise unit or a range of enterprise units specified to perform the calculation.

If the check box is cleared, all calculations are performed using the item costing date defined at Company level.

Note: For cost and service items the item costing data is always defined at Company level.

  1. Validate that LN calculates the standard cost accurately.

    You can use the Calculate Standard Cost (ticpr2210m000) session to automatically calculate the standard cost.

  2. Actualize cost component structures for defined generic and FAS items.

    • Defining item costing data

      Use the Item - Costing (ticpr0107m000) session to store costing data that is related to the combination of item and enterprise unit.

      You must enter a validated cost scheme to post costs. In the Cost Component Scheme field, you can enter a cost scheme to which all cost components are linked.

      Note: The selected cost scheme must be valid and linked to the enterprise unit for which the standard cost is calculated.

    • Actualizing item costing data

      Use the Item - Costing (ticpr0107m000) session to actualize the item costing data.

      The validated cost component scheme contains the aggregated cost components that are defined for the item in the Item - Costing (ticpr0107m000) session. You can view the effective cost component structure in the Effective Cost Component Structure (ticpr3101m000) session. In the Effective Date field, the date on which the cost scheme is actualized is displayed.

    • Defining surcharge data

      Use the Item Surcharges (ticpr1110m000) session to define surcharges for a production order. Surcharges are extra costs in an item's standard cost or valuation price, for example, handling costs or inspection costs.

      A surcharge serves as a discount if the amount or percentage entered is a negative value.