Standard costs methodConcepts > Post-calculation > Standard costs method |
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Using the standard cost method, the total value and the value of the parts of an assembly can be identified, such as materials, manufacturing costs, tool costs, or other surcharge costs. Standard cost means, that these values are not dependent on the volume of the production, only the budget figures are taken into account.
The standard cost method involves an entire workflow: •Pre-calculation via batch pre-calculation •Pricing on basis of the pre-calculation •Copy of evaluation into the work order, including the calculation scheme. The work order is now firmly attached to the pre-calculation •Postings are performed with the current standard cost rate
Configuration Wizard > Production > Valuation and booking of the assembly > Valuation > Valuation of the assembly by "standard cost method" The Max time for last calculation field is displayed. This is the update interval for batch calculations. If the entered time is exceeded, no work orders can be created.
A correctly set pre-calculation valuation method is crucial. Set to "Item valuation". Set all items to "standard price". Configuration Wizard > Calculation > Precalculation > Material pricing to "Item valuation method"
Inventory> Inventory Transactions > Batch calculation Setup a calculation for calculating standard costs The price list or price calculation does not need to be filled. Select the desired evaluation method in Pricing and Enter calculation price, and the type of pricing procedure. One step evaluation can be enabled for standard cost. The defined calculation should be performed regularly and the update interval can be set in the Configuration Wizard. After calculating, change to the results tab and perform an inventory revaluation.
Note: If the price per warehouse is set, the batch calculation needs to be performed per warehouse. See Batch-calculation.
Connecting to a work order All the work orders that are being created for the items, are referring to the calculated standard costs. The connection to the standard costs calculation is available in: Production assembly > Assembly tab > Extended >Standard price evaluation.
Valuation of assembly – Standard cost method Concept: Valuation of assemblies Batch-calculation – Standard costs
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