You must periodically update the standard costs of components and roll the new costs up to the parent item. The process typically consists of the following four steps:
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Update costs at the component and capacity levels. For more information, see Suggest Item Standard Cost.
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Consolidate and roll up the component and capacity costs to calculate the total manufacturing or assembly cost of the items. For more information, see Roll Up Standard Cost.
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Implement the standard costs that are entered when you run the previous batch jobs. The standard costs do not take effect until they are implemented. For more information, see Implement Standard Cost Change.
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Implement the changes to update the Unit Cost field on the item card and perform inventory revaluation. For more information, see Revaluation Journal.
For more information, see About Calculating Standard Cost.
After you understand the process, you can use the following summary of steps.
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| To preview changes that the following processes make to your data, it is recommended that you perform the steps in the CRONUS International Ltd. demonstration database before working in the live company. |
To update standard costs
Run the
Adjust Cost - Item Entries batch job.Run the
Post Inventory Cost to G/L batch job.Open the
Standard Cost Worksheet and use one or more of the following functions:Run the
Suggest Item Standard Cost batch job.Review the results and make changes as necessary.
Run the
Suggest Work/Mach Ctr Std Cost batch job.Review the results and make changes as necessary.
Run the
Roll Up Standard Cost batch job.Review the results and make changes as necessary.
Run the
Implement Standard Cost Change batch job.Review and post the
Revaluation Journal, which has been populated with entries from previous steps in this process.
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For more information about how to work with fields and columns, see Work with Data. For more information about how to find specific pages, see Search. |