| # Item Actual Landed Cost Prices by Cost Component (tclct3501m000) Use this session to view an item's actual landed cost prices by cost component. Item In LN, 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) 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. Note The cost component must be available in the effective cost component structure of the landed cost line's item, which you can view in the Effective Cost Component Structure (ticpr3101m000) session. If the cost component of the landed cost line is not present in this structure, the average landed cost price is added to the aggregated cost component for material costs, as specified in the Material field of the Items - Costing (ticpr0107m000) session. Average Landed Cost Price A cost component's average landed cost price. The average landed cost price is based on cumulative purchases or on the current inventory, as specified in the Method of Calculating Average Landed Cost Price field of the Landed Costs Parameters (tclct0100m000) session. Currency The monetary unit in which the purchase price is expressed. Note When the purchase currency is changed, prices are automatically recalculated. Purchase Price Unit The item unit in which an item's purchase price is expressed. This unit can differ from the item's inventory unit. Note When the purchase price unit is changed, prices are automatically recalculated. Latest Landed Cost Price A cost component's latest landed cost price. |