SAP Product costing Calculation With Components - SkillstekSkillstek
SAP Product Cost Calculation is done in the 6 key components of Product Costing, which is part of SAP CO.
Read it at Skillstek's Blog:- https://skillstek.com/product-costing-in-sap/
For more informative content, visit:-
https://skillstek.com/blog
Contact Details:-
Website:- https://skillstek.com
Phone:- +91-9556432150
Email:- info@skillstek.com
Social Accounts:-
LinkedIn:- https://www.linkedin.com/company/skillstek
Facebook:- https://www.facebook.com/SkillstekEdu
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SAP Product costing Calculation With Components - SkillstekSkillstek
SAP Product Cost Calculation is done in the 6 key components of Product Costing, which is part of SAP CO.
Read it at Skillstek's Blog:- https://skillstek.com/product-costing-in-sap/
For more informative content, visit:-
https://skillstek.com/blog
Contact Details:-
Website:- https://skillstek.com
Phone:- +91-9556432150
Email:- info@skillstek.com
Social Accounts:-
LinkedIn:- https://www.linkedin.com/company/skillstek
Facebook:- https://www.facebook.com/SkillstekEdu
YouTube Channel:- https://www.youtube.com/c/skillstek
Instagram:- https://www.instagram.com/skillsteksap/
SAP Innovations:Are you overlooking important functionality in SAP ControllingAlice Adams
While it’s hard to miss marketing information on SAP Fiori and SAP HANA, there are lots of other innovations in SAP Controlling you may be overlooking. Many of the innovations that went under the SAP HANA umbrella can be used on any ERP system. In this session we’ll cover:
• Using virtual InfoProviders on ERP table structures to enable new reporting in SAP Material Ledger and Profitability Analysis (account-based and costing-based)
• Activating some business functions delivered in recent enhancement packages, such as cross-company actual costing, parallel cost of goods manufactured, operation level costing, stock in transit, and many more
• Leveraging cross-company actual costing to allow SAP Material Ledger to transfer values across company codes and stock in transit as a logistics enabler
• Using parallel cost of goods manufactured and parallel asset accounting to extend parallel accounting functions originally delivered with new general ledger
Walk away with tips for modernizing your company’s CO-PA and SAP Material Ledger reporting.
manufacturing support system is the some arrangement of the machine and software and process to work easily with properly handling of equipment like operation different types.it also conclude that all types of material handling system like automated storage and retrieval system etc are come in this categories.
eresource provides manufacturing solutions to midsize Manufacturing Companies with unformed, integrated, on-demand ERP solution designed to reduce costs, improve customer service, increase margins and generate new revenue streams. our erp solution for manufacturing helps you also cut down production bottlenecks. For details:http://www.eresourceerp.com/erpmanufacturing.htm
Types of loading, production & operations managementMahima Mutnuru
Types of Loading-
Infinite Loading
Finite Loading
Also know about Scheduling as Loading is an vital part of Scheduling.
Explained with examples.
Important concept in Production and Operation Management.
I am realtime lead consultant having 16 yrs of domain and 8 yrs of sap offering online trainings for any one intrested reach ;skype:himbuj call 9885766653
What is process planning .Difficulties in traditional process planning,CAPP Model,Types of CAPP ,1.Retrieval type CAPP (variant) systems.
2.Generative CAPP systems.
3.Hybrid CAPP systems.
Process planning system , Machinability data systems , Benefits of CAPP
SAP Innovations:Are you overlooking important functionality in SAP ControllingAlice Adams
While it’s hard to miss marketing information on SAP Fiori and SAP HANA, there are lots of other innovations in SAP Controlling you may be overlooking. Many of the innovations that went under the SAP HANA umbrella can be used on any ERP system. In this session we’ll cover:
• Using virtual InfoProviders on ERP table structures to enable new reporting in SAP Material Ledger and Profitability Analysis (account-based and costing-based)
• Activating some business functions delivered in recent enhancement packages, such as cross-company actual costing, parallel cost of goods manufactured, operation level costing, stock in transit, and many more
• Leveraging cross-company actual costing to allow SAP Material Ledger to transfer values across company codes and stock in transit as a logistics enabler
• Using parallel cost of goods manufactured and parallel asset accounting to extend parallel accounting functions originally delivered with new general ledger
Walk away with tips for modernizing your company’s CO-PA and SAP Material Ledger reporting.
manufacturing support system is the some arrangement of the machine and software and process to work easily with properly handling of equipment like operation different types.it also conclude that all types of material handling system like automated storage and retrieval system etc are come in this categories.
eresource provides manufacturing solutions to midsize Manufacturing Companies with unformed, integrated, on-demand ERP solution designed to reduce costs, improve customer service, increase margins and generate new revenue streams. our erp solution for manufacturing helps you also cut down production bottlenecks. For details:http://www.eresourceerp.com/erpmanufacturing.htm
Types of loading, production & operations managementMahima Mutnuru
Types of Loading-
Infinite Loading
Finite Loading
Also know about Scheduling as Loading is an vital part of Scheduling.
Explained with examples.
Important concept in Production and Operation Management.
I am realtime lead consultant having 16 yrs of domain and 8 yrs of sap offering online trainings for any one intrested reach ;skype:himbuj call 9885766653
What is process planning .Difficulties in traditional process planning,CAPP Model,Types of CAPP ,1.Retrieval type CAPP (variant) systems.
2.Generative CAPP systems.
3.Hybrid CAPP systems.
Process planning system , Machinability data systems , Benefits of CAPP
Production planning & control - descriptive type question module -wise for upcoming Mumbai university exam - Mechanical Engineering - Learn with GeekAlign
Facilities Layout is the method of allocating machines & equipments, various production process and other necessary services involved in transformation process of products with the available space of the factory so as to achieve the greatest possible output of high quality at the lowest possible costs of manufacturing.
Resentation for PeopleSoft SCM users group comparing and Standard and Actual Costing for Production Inventories using PeopleSoft Cost Managment functionality.
Launch180 Early adopters guide Incubator Case StudyDaniel Brody
Our focus is on the latter two. To help start-ups achieve first revenue within 180 days, but perhaps even more importantly to spend substantially less money in their initial start-up phase.
Dan Brody Information and Technology Coach for HireDaniel Brody
As a highly skilled Information and Technology Executive with over 20 years’ experience with extensive subject matter expertise in IT Services Management (ITSM) and ITIL, methods, PMP, processes, strategic technology infrastructure planning, and developing cost effective solutions to meet customer business requirements. Hands on comprehensive experience in developing and implementing large scale global enterprise and digital solutions across many industries, I am pleased to submit my resume in consideration for Vice President Information Technology.
A Project Management Office, abbreviated to PMO, is a group or department ... base project management principles on industry-standard methodologies. Daniel outlines best practices for a larger project team.
ITIL Best Practice for Software CompaniesDaniel Brody
Detailed outline of an Information Technology Infrastructure Library (ITIL) is a set of practices for IT service management (ITSM) that focuses on aligning IT services for Software Companies
YIELD Marketing Control Center MCC is an intelligent web-based solution for consumer marketers to easily create, manage and track all of your mobile, online and social marketing campaigns on a single platform…giving you a 360 degree view of your customers thus deepening your one-to-one customer relationships
Are looking for a trusted Technologist to help you grow your business? Someone who is entrepreneurial mindset with particle business experience, then view this presentation.
Exploring Innovations in Data Repository Solutions - Insights from the U.S. G...Globus
The U.S. Geological Survey (USGS) has made substantial investments in meeting evolving scientific, technical, and policy driven demands on storing, managing, and delivering data. As these demands continue to grow in complexity and scale, the USGS must continue to explore innovative solutions to improve its management, curation, sharing, delivering, and preservation approaches for large-scale research data. Supporting these needs, the USGS has partnered with the University of Chicago-Globus to research and develop advanced repository components and workflows leveraging its current investment in Globus. The primary outcome of this partnership includes the development of a prototype enterprise repository, driven by USGS Data Release requirements, through exploration and implementation of the entire suite of the Globus platform offerings, including Globus Flow, Globus Auth, Globus Transfer, and Globus Search. This presentation will provide insights into this research partnership, introduce the unique requirements and challenges being addressed and provide relevant project progress.
Field Employee Tracking System| MiTrack App| Best Employee Tracking Solution|...informapgpstrackings
Keep tabs on your field staff effortlessly with Informap Technology Centre LLC. Real-time tracking, task assignment, and smart features for efficient management. Request a live demo today!
For more details, visit us : https://informapuae.com/field-staff-tracking/
How to Position Your Globus Data Portal for Success Ten Good PracticesGlobus
Science gateways allow science and engineering communities to access shared data, software, computing services, and instruments. Science gateways have gained a lot of traction in the last twenty years, as evidenced by projects such as the Science Gateways Community Institute (SGCI) and the Center of Excellence on Science Gateways (SGX3) in the US, The Australian Research Data Commons (ARDC) and its platforms in Australia, and the projects around Virtual Research Environments in Europe. A few mature frameworks have evolved with their different strengths and foci and have been taken up by a larger community such as the Globus Data Portal, Hubzero, Tapis, and Galaxy. However, even when gateways are built on successful frameworks, they continue to face the challenges of ongoing maintenance costs and how to meet the ever-expanding needs of the community they serve with enhanced features. It is not uncommon that gateways with compelling use cases are nonetheless unable to get past the prototype phase and become a full production service, or if they do, they don't survive more than a couple of years. While there is no guaranteed pathway to success, it seems likely that for any gateway there is a need for a strong community and/or solid funding streams to create and sustain its success. With over twenty years of examples to draw from, this presentation goes into detail for ten factors common to successful and enduring gateways that effectively serve as best practices for any new or developing gateway.
Launch Your Streaming Platforms in MinutesRoshan Dwivedi
The claim of launching a streaming platform in minutes might be a bit of an exaggeration, but there are services that can significantly streamline the process. Here's a breakdown:
Pros of Speedy Streaming Platform Launch Services:
No coding required: These services often use drag-and-drop interfaces or pre-built templates, eliminating the need for programming knowledge.
Faster setup: Compared to building from scratch, these platforms can get you up and running much quicker.
All-in-one solutions: Many services offer features like content management systems (CMS), video players, and monetization tools, reducing the need for multiple integrations.
Things to Consider:
Limited customization: These platforms may offer less flexibility in design and functionality compared to custom-built solutions.
Scalability: As your audience grows, you might need to upgrade to a more robust platform or encounter limitations with the "quick launch" option.
Features: Carefully evaluate which features are included and if they meet your specific needs (e.g., live streaming, subscription options).
Examples of Services for Launching Streaming Platforms:
Muvi [muvi com]
Uscreen [usencreen tv]
Alternatives to Consider:
Existing Streaming platforms: Platforms like YouTube or Twitch might be suitable for basic streaming needs, though monetization options might be limited.
Custom Development: While more time-consuming, custom development offers the most control and flexibility for your platform.
Overall, launching a streaming platform in minutes might not be entirely realistic, but these services can significantly speed up the process compared to building from scratch. Carefully consider your needs and budget when choosing the best option for you.
Navigating the Metaverse: A Journey into Virtual Evolution"Donna Lenk
Join us for an exploration of the Metaverse's evolution, where innovation meets imagination. Discover new dimensions of virtual events, engage with thought-provoking discussions, and witness the transformative power of digital realms."
Software Engineering, Software Consulting, Tech Lead, Spring Boot, Spring Cloud, Spring Core, Spring JDBC, Spring Transaction, Spring MVC, OpenShift Cloud Platform, Kafka, REST, SOAP, LLD & HLD.
Globus Compute wth IRI Workflows - GlobusWorld 2024Globus
As part of the DOE Integrated Research Infrastructure (IRI) program, NERSC at Lawrence Berkeley National Lab and ALCF at Argonne National Lab are working closely with General Atomics on accelerating the computing requirements of the DIII-D experiment. As part of the work the team is investigating ways to speedup the time to solution for many different parts of the DIII-D workflow including how they run jobs on HPC systems. One of these routes is looking at Globus Compute as a way to replace the current method for managing tasks and we describe a brief proof of concept showing how Globus Compute could help to schedule jobs and be a tool to connect compute at different facilities.
Utilocate offers a comprehensive solution for locate ticket management by automating and streamlining the entire process. By integrating with Geospatial Information Systems (GIS), it provides accurate mapping and visualization of utility locations, enhancing decision-making and reducing the risk of errors. The system's advanced data analytics tools help identify trends, predict potential issues, and optimize resource allocation, making the locate ticket management process smarter and more efficient. Additionally, automated ticket management ensures consistency and reduces human error, while real-time notifications keep all relevant personnel informed and ready to respond promptly.
The system's ability to streamline workflows and automate ticket routing significantly reduces the time taken to process each ticket, making the process faster and more efficient. Mobile access allows field technicians to update ticket information on the go, ensuring that the latest information is always available and accelerating the locate process. Overall, Utilocate not only enhances the efficiency and accuracy of locate ticket management but also improves safety by minimizing the risk of utility damage through precise and timely locates.
Prosigns: Transforming Business with Tailored Technology SolutionsProsigns
Unlocking Business Potential: Tailored Technology Solutions by Prosigns
Discover how Prosigns, a leading technology solutions provider, partners with businesses to drive innovation and success. Our presentation showcases our comprehensive range of services, including custom software development, web and mobile app development, AI & ML solutions, blockchain integration, DevOps services, and Microsoft Dynamics 365 support.
Custom Software Development: Prosigns specializes in creating bespoke software solutions that cater to your unique business needs. Our team of experts works closely with you to understand your requirements and deliver tailor-made software that enhances efficiency and drives growth.
Web and Mobile App Development: From responsive websites to intuitive mobile applications, Prosigns develops cutting-edge solutions that engage users and deliver seamless experiences across devices.
AI & ML Solutions: Harnessing the power of Artificial Intelligence and Machine Learning, Prosigns provides smart solutions that automate processes, provide valuable insights, and drive informed decision-making.
Blockchain Integration: Prosigns offers comprehensive blockchain solutions, including development, integration, and consulting services, enabling businesses to leverage blockchain technology for enhanced security, transparency, and efficiency.
DevOps Services: Prosigns' DevOps services streamline development and operations processes, ensuring faster and more reliable software delivery through automation and continuous integration.
Microsoft Dynamics 365 Support: Prosigns provides comprehensive support and maintenance services for Microsoft Dynamics 365, ensuring your system is always up-to-date, secure, and running smoothly.
Learn how our collaborative approach and dedication to excellence help businesses achieve their goals and stay ahead in today's digital landscape. From concept to deployment, Prosigns is your trusted partner for transforming ideas into reality and unlocking the full potential of your business.
Join us on a journey of innovation and growth. Let's partner for success with Prosigns.
Essentials of Automations: The Art of Triggers and Actions in FMESafe Software
In this second installment of our Essentials of Automations webinar series, we’ll explore the landscape of triggers and actions, guiding you through the nuances of authoring and adapting workspaces for seamless automations. Gain an understanding of the full spectrum of triggers and actions available in FME, empowering you to enhance your workspaces for efficient automation.
We’ll kick things off by showcasing the most commonly used event-based triggers, introducing you to various automation workflows like manual triggers, schedules, directory watchers, and more. Plus, see how these elements play out in real scenarios.
Whether you’re tweaking your current setup or building from the ground up, this session will arm you with the tools and insights needed to transform your FME usage into a powerhouse of productivity. Join us to discover effective strategies that simplify complex processes, enhancing your productivity and transforming your data management practices with FME. Let’s turn complexity into clarity and make your workspaces work wonders!
Top 7 Unique WhatsApp API Benefits | Saudi ArabiaYara Milbes
Discover the transformative power of the WhatsApp API in our latest SlideShare presentation, "Top 7 Unique WhatsApp API Benefits." In today's fast-paced digital era, effective communication is crucial for both personal and professional success. Whether you're a small business looking to enhance customer interactions or an individual seeking seamless communication with loved ones, the WhatsApp API offers robust capabilities that can significantly elevate your experience.
In this presentation, we delve into the top 7 distinctive benefits of the WhatsApp API, provided by the leading WhatsApp API service provider in Saudi Arabia. Learn how to streamline customer support, automate notifications, leverage rich media messaging, run scalable marketing campaigns, integrate secure payments, synchronize with CRM systems, and ensure enhanced security and privacy.
Check out the webinar slides to learn more about how XfilesPro transforms Salesforce document management by leveraging its world-class applications. For more details, please connect with sales@xfilespro.com
If you want to watch the on-demand webinar, please click here: https://www.xfilespro.com/webinars/salesforce-document-management-2-0-smarter-faster-better/
Unleash Unlimited Potential with One-Time Purchase
BoxLang is more than just a language; it's a community. By choosing a Visionary License, you're not just investing in your success, you're actively contributing to the ongoing development and support of BoxLang.
First Steps with Globus Compute Multi-User EndpointsGlobus
In this presentation we will share our experiences around getting started with the Globus Compute multi-user endpoint. Working with the Pharmacology group at the University of Auckland, we have previously written an application using Globus Compute that can offload computationally expensive steps in the researcher's workflows, which they wish to manage from their familiar Windows environments, onto the NeSI (New Zealand eScience Infrastructure) cluster. Some of the challenges we have encountered were that each researcher had to set up and manage their own single-user globus compute endpoint and that the workloads had varying resource requirements (CPUs, memory and wall time) between different runs. We hope that the multi-user endpoint will help to address these challenges and share an update on our progress here.
Developing Distributed High-performance Computing Capabilities of an Open Sci...Globus
COVID-19 had an unprecedented impact on scientific collaboration. The pandemic and its broad response from the scientific community has forged new relationships among public health practitioners, mathematical modelers, and scientific computing specialists, while revealing critical gaps in exploiting advanced computing systems to support urgent decision making. Informed by our team’s work in applying high-performance computing in support of public health decision makers during the COVID-19 pandemic, we present how Globus technologies are enabling the development of an open science platform for robust epidemic analysis, with the goal of collaborative, secure, distributed, on-demand, and fast time-to-solution analyses to support public health.
In 2015, I used to write extensions for Joomla, WordPress, phpBB3, etc and I ...Juraj Vysvader
In 2015, I used to write extensions for Joomla, WordPress, phpBB3, etc and I didn't get rich from it but it did have 63K downloads (powered possible tens of thousands of websites).
Understanding Globus Data Transfers with NetSageGlobus
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2. Fabrication Concepts
• Fabrication is a value-
added process that takes
components that have
been manufactured using
standard ERP control and
combines them with
purchased or outside
manufactured
components to make a
Batch or Lot of finished
inventory items.
• Fabrication extends the
standard ERP paradigm
and could work
independently of ERP
• A ERP production work
order may be completed
when the required
components are released
to component inventory
(make to stock for
fabrication)
3. Fabrication Concepts
• A fabrication work order
may be a new control
document that is
independent of the
original production work
order or an extension of
an existing production
work order. (if the original
production work order
was for a batch of
finished goods item)
• The final product is
specified in the sales
order line, with the
required quantity, delivery
date etc.
• The final product could
comprise the assembly
from several production
work orders, plus several
purchase orders and
external processing
4. Overview
• Steel products are processed
to a semi-finished stage using
standard ERP processing
• They are then received into a
Component Inventory for
inclusion in a fabrication BOM
and routing process
• Fabrication occurs and creates
a finished goods product or
sub-assembly component that
can be inventoried
Steel Components are created using SEMS
Instead of being shipped
they are received into component Inventory
Fabrication lots are
picked and assembled
based on BOM and Routing
The
finished
Lot is
shipped from inventory
5. Fabrication With ERP input
Sales Order Lines
Work Order
Grouped for Production Work Order
Complete normal SEMS production processes
Begin Fabrication Process
Schedule Fabrication
when all components available
Work Order N
Receive Completed Steel items into Component inventory
6. Fabrication independent of ERP
input
Begin Fabrication Process
When all components are available
Routing based on standard
Product Routing
Bill of Material for finished
product based on
standard product BOM
Work Center 1 Work Center N
Finish Fabrication
7. Work Centres
• A work center has a
competence and capacity
to complete a defined
task
• Machine work centers are
grouped into an
administrative work
centre to add labour costs
and provide a throughput
capacity and accounting
point
• Capacity is rolled up to
the Administrative work
center
Machine 2
Work Centre
Machine 4
Work Center
Machine 3
Work Center
Machine 1
Work Center
Administrative
Work Centre
8. Work Centers
• Processes
– serial – machine 1
operation has to be
completed for an order
then machine 2 operation
can begin
• Quality control usually
occurs after a batch is
completed
– Parallel - Operation of
Machine 1 work center
overlaps with the Operation
of Machine 2 work center
for example
– These grouping are
dynamic and user defined
Machine 2
Work Centre
Machine 4
Work Center
Machine 3
Work Center
Machine 1
Work Center
Administrative
Work Centre
9. Bill of Material
• Bill of materials (BOM)
specify what inventory
items are needed to
fabricate a finished goods
item or a sub-assembly
• Sub Assemblies may be
inventoried or not
inventoried – phantom
• BOM can have multiple
levels or specify a sub-
assembly with an
independent BOM
10. Bill of Material
• Company is the highest entity
– within the group of business
entities
• Parent is the finished goods
part code
• Component is the code for this
inventory component (n
number of components)
• Line no is the sequence to
display this line
• If A is made from B and C and
C is made from D and E, the
parent for E and D is C, the
parent for B and C is A. The
line number is a unique
identifier under the parent.
11. Bill of Material
• Position relates to the position
on the design drawing of the
finished item or sub-assembly
• Operation_no defines the
grouping of components that
when they are completed the
accounting can be performed –
back flush.
– To receive an item into
inventory, all back flushing
must be completed
• Lead time adjust – an amount
of time to postpone purchase
of required component or
cooling or curing time needed
before component can be used
in fabrication.
12. Inventory
BOM type describes the general
category of the inventory – do we
buy it, make, it, sell it, get
someone else to make it, use it as
a component to assemble
something else
– 0 -We made it from parts
(manufactured or purchased)
– 1 - Made from Steel by us
– 2 – Made from parts manufactured
outside
– 4 – Sub assembly that is not
recorded in inventory
– 5 – Steel raw material
– 6 – Purchased from supplier
– 7 – Customer supplied this
component
– 9 – Any documents or drawing
that we keep in inventory and
send with the product –
instructions etc.
• BOM Type
– 0 – Internally Manufactured Assembly
– 1 – Manufactured Parts
– 2 – Externally manufactured with
supplied components
– 4 – Fictitious Assembly (phantom)
– 5 – Raw Material
– 6 – Purchased Parts
– 7 – Customer Supplied
– 9 – Documents
13. Inventory
• Stock Type describes how to
manage the rules of
accounting for inventory,
– stock is accounted for on each
Fabrication work order on a
per basis
– Floor stock is assumed
consumed based on the BOM
– nuts and bolts for example,
– Consumables are Grease,
Paint, Welding rod etc. that
are costed against the
Fabrication work order based
on standard percentage and
operation number
• Status controls if this Inventory
item can be used in a BOM. If
any item in a BOM becomes
inactive the BOM is inactive.
• Stock Type
– S - Stock
– FS – Floor Stock
– CN – Consumable
• Status
– A – Active
– I - Inactive
– D – Discontinued
– S – Superseded
– T – Terminated
14. Back Flush
• Typically accounting for
inventory occurs after an
administrative work center
completes it’s tasks and
creates a new inventory item
or batch of items.
• Sometimes it is desirable to
assume completion of
preceding routing steps by the
fact that the finished item has
been completed. Back flush
points are identified in the
BOM by operation number.
• If a batch is back flushed, the
associated routing plan and
BOM is used to explode back
to inventory usage and work
center loading used.
• If no other labour time,
machine time or wastage
inefficiency has been entered
against this fabrication work
order, the standards in the
routing and work centers are
used, otherwise the entered
values are used.
15. Product Category
• Product Category is assigned
to every item on the Inventory.
• The main function is to divide
the Inventory Cost Report by
category, and is used as a
search parameter for inquiry.
• An example would be “plow
blades” or “cab assemblies”.
• The general ledger accounts
assigned to every product
category facilitates automatic
posting of sales and work in
process to general ledger.
16. Routing
• Operation_no is the
sequence number of the
operation to be performed
• Work center is the
machine work center
– (administrative work center
is defined for the machine
work center)
• Process_Code defines
the process to be
performed cut, assemble,
press, QC etc.
17. Routing
• Routing type is “parallel”
or “serial”
• Vendor number is for
external process only
• Revision level of the
routing shows which
version of the routiong
was used
– (maintained by the revision
sub-system)
• Set up time to set up the
machine for operation in
minutes in this routing
18. Routing
• Queue days is time in
days for moving the order
from one work center to
another – or through an
external process
• Machine time is the
amount of time in minutes
required to process 1 part
• Labour time is the
amount of time in minutes
required to process 1 part
19. Accounting
• Actual costing is used to
determine real costs of
the work order through to
a component or finished
goods level of inventory.
• Where actual costs are
unavailable (i.e. there is
no genealogy for a
specific subcomponent),
standard cost is used.
• Standard (or actual –
Ron) costs are used to
post items into inventory
• The total actual cost is
rolled up to the finished
item
• Purchased components
are added to the cost roll
up at average cost
• All cost components of
the finished goods items
in the sales order line
item are totaled to allow
comparison of quoted
price versus actual total
cost