| # Item - Standard Cost Prices (ticpr3500m000) Use this session to display the standard cost price by effective date. Depending on how the cost-price structure is defined, you can use aggregated cost components and detailed cost components, to report cost prices. For more information, see Cost components in Manufacturing. Related topics Aggregated cost components Detailed cost component Calculating the standard cost price Item In ERP Enterprise, the raw materials, subassemblies, finished products, and tools that can be purchased, stored, manufactured, sold, and so on. An item can also represent a set of items handled as one kit, or exist in multiple product variants. You can also define nonphysical items, which are not held in inventory but can be used to post costs or to invoice services to customers. The following are examples of nonphysical items: Cost items (for example, electricity) Service items Subcontracting services List items (menus/options) Effective Date The first date on which the relevant standard cost price takes effect. Sequence Number Item costing data can be actualized several times. If item costing data is actualized two or more times while the effective date is the same (which can happen, for example, if you select Last Date of Previous Period as the effective date), the item costing data is distinguished by the sequence number. You can only select Last Date of Previous Period if the Backdate Valuation Price Allowed check box in the Cost Price Calculation Parameters (ticpr0100m000) session is selected. Inventory Unit The unit of measure in which the inventory of an item is recorded, such as piece, kilogram, box of 12, or meter. The inventory unit is also used as the base unit in measure conversions, especially for conversions that concern the order unit and the price unit on a purchase order or a sales order. These conversions always use the inventory unit as the base unit. An inventory unit therefore applies to all item types, also to item types that cannot be kept in stock. Currency The currency in which the cost price is expressed. For more information, refer to the Help of the Currency field in the Items - Costing (ticpr0107m000) session. Related topics Currency systems Cost Component A cost component is a user-defined category for the classification of costs. Cost components have the following functions: To break down an item's cost price, sales price, or valuation price. To create a comparison between the estimated production order costs and the actual production order costs. To calculate production variances. To view the distribution of your costs over the various cost components in the Cost Accounting module. Cost components can be of the following cost types: Material Costs Operation Costs Surcharge on Material Costs Surcharge on Operation Costs WIP Transfer Costs General Costs Note If you use Assembly Control (ASC), you cannot use cost components of the General Costs type. Cost Component Type The cost type defines the elements that can make up the cost and valuation price. It indicates the type of costs to be posted to a cost component. Note Cost components in Manufacturing Number of Units The number of units of either materials or hours used for the cost-price calculation. The number is saved during the cost price calculation under the relevant cost component. Amount The cost-price amount saved under the relevant cost component during cost-price calculation. This amount applies to the operation costs and material costs. |