on 10-08-2007 1:18 PM
Hi
Any body can list what can be consequences of booking production/loading inventory without releasing Std cost estimate
Help will be appreciated
You need a current standard cost estimate in the material master in order to calculate the variances in the production order. The target cost which is used for arriving at the variances uses the cost estimate. If there is already an existing current cost estimate, then no worries, the system would pick them up.
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Hi,
Always your material is valued with the price maintained in you material master.
And if you have not updated a std cost and you have confirmed the production or loaded inventory system will not valuate your materials and just the quantities are updated with Zero value.
But if you have any other price appearing already in the material master then system valuates your inventory with that price.
Later if you want to release std cost estimate then you will postings for the difference in stock valuations, which will hit your Profit and loss accounts
Regards
Ram
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
> Hi
> Any body can list what can be consequences of booking
> production/loading inventory without releasing Std
> cost estimate
> Help will be appreciated
<b>It is most obvious. Your inventory will not be valued properly. Inventory would be valued with the old standard cost estimates which may not be realistic.</b>
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
User | Count |
---|---|
95 | |
11 | |
11 | |
6 | |
6 | |
4 | |
4 | |
3 | |
3 | |
3 |
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.