Dear all,
Please tell me how the System Calculates ‘Cost Amount (Expected )’ in Value Entry from Prodction Order Entries?
I w’d appreciate if anyone could answer it[:D]
Regards
Rose
Dear all,
Please tell me how the System Calculates ‘Cost Amount (Expected )’ in Value Entry from Prodction Order Entries?
I w’d appreciate if anyone could answer it[:D]
Regards
Rose
What type of Production Order entries are you thinking about and what method of costing are you using?
Ar you using the Expected Cost posting option in the system?
I think that it is efectively the quantity multiplied by the cost per unit and the cost per unit is determined by the Costing Method on the Item card.
It is the unit cost from the item card. This cost may be subsequently changed depending on the costing method, FIFO etc. But the initial cost will always be the unit cost.
Andrew
Hi Rose,
If you feel that one of the replies answered your question, then please click on the verify solution button next to the post. This way we know that the thread is closed and it’s your way to credit the person who helped you.
Thanks.