Entering costsĭata maintenance for cost records in a costing version involves entering costs for purchased items and for items that are transferred between sites. These values include the calculation of planned costs for manufactured items. The item cost records for planned costs can also be used to support an actual cost inventory model by providing the initial values for item costs.
A costing version that contains planned costs is often used to support cost calculation simulations, such as simulations of the effect that cost changes to purchased materials or manufacturing processes has on the calculated costs of manufactured items. Planned costsĪ costing version can contain a set of planned cost records about items and manufacturing processes. Cost data about manufacturing processes is expressed in terms of the cost categories for routing operations and the calculation formulas for manufacturing overheads. Costing versions for standard or planned costs Standard costsĪ costing version can support a standard cost inventory model for items, where the costing version contains a set of standard cost records about items and manufacturing processes.
