Calculations can be done to find out the cost of a new item, update the previously calculated cost or to do a simulation.
You can calculate cost via the following routines:
- Product costing online: Using this routine you can run the calculation for one item at a time, view the result, update the item standard cost, update the item base sales price and/or run a simulation.
- Batch job: Using this routine you can run the calculation for all items, for a selected group of items or all items that require a cost calculation to be performed.
Cost model
A cost model is used for calculating cost. You can use the default cost model supplied with the system or define your own. In the set-up of the cost model you choose which costs are to be included in the calculation (Cost/Contribution). You also define when a calculation is to be performed, e.g., on material reporting or operation reporting (Type of cost). See About cost models.
Enquiries and printouts
- Product costing enquiry
- Product costing overhead table
- Product costing printout