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The
Cost Generation module is designed to establish and maintain
standard cost data for each item. This allows for a full simulation
of all costs for review and approval before any update to standard
cost. |
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Maintains
frozen, current, last actual, weighed average, and new costs
for material, labor, and overhead |
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Maintains
multiple labor grades and overhead rates for each Operation
within a work center |
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Applies
percentage increases or decreases through cost specifications
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Performs
Bill of Material reconciliation for all or a selected range
of items |
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Produces
error report identifying conditions which may require corrections
before cost adjustments |
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Material,
labor, and overhead costs are determined using Bill of Material
and Routing. The Bill of Material is extended by quantity per
to calculate the material cost. The routing operations within
each work center establish the labor costs. |
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Reconciles
the labor and overhead costs based on routings, Work centers,
and labor grades with item master costs and print variance |
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Generates
labor and overhead costs for a single item, a specified range
of items, or all items based on routing |
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Calculates
standard costs automatically by the system or by manual override
on specific items |
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Generates
costs for one or more items with either single or multi-level
explosions |
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Uses
system-generated costs to update frozen and/or current standard
costs |
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