Relation between Preliminary and Standard Cost Estomate

[Former Member]

Hi,

I would like to know how preliminary cost estimate using product cost collector and standard cost estimate are related to each other.

I am not quite clear how both are used for a given plant in repetitive mfg scenario?

Regards,

Yogesh

[Former Member · Accepted solution]

Hi

I hope that you already read the documentation given in this thread below

[Process Mfg Scenario|;

hope helps

[Former Member · Accepted solution]

Hi,

Thanks for the reply,

My question do not need so many details for its answer.

I would just like to know if standard cost estimate will still be required even if we are using repetitive manufacturing or it gets handled through product cost collector.

I would like to know if there is any overlap between the two from process point of view.

Regards,

Yogesh

[ajaycwa1981 · Accepted solution]

Hi

You will still require a Standrad cost estimate... Inventory valuation happens based on that

br, Ajay M