Enter new Actual Cost Rates
Explanation
This activity is used to enter or calculate the actual cost rates for labor classes and
work centers. To be able to calculate the actual cost
rates, corresponding total cost must be entered.
Prerequisites
A labor class must be defined in the Manufacturing Labor Class window.
A work center must be defined in the Work Center window.
System Effects
Actual Cost Rates will be saved.
Window
Actual Manufacturing Cost Rates
Related Window Descriptions
Actual Manufacturing Cost Rates
Procedure
- Open Actual Manufacturing Cost Rates window.
- In the Company field, select the company for which you want to
enter the actual cost rates. Use the List of Values to select from available
companies.
- In the Site field, select the site for which you want to enter
the actual cost rates. Use the List of Values to select from available
sites.
- In the Accounting Year/Period area, select the year and period
for which you want to enter the actual cost rates.
- In the Max Allowed Deviation (%) you can enter the deviation that
is allowed without any warnings.
- Save your changes
Work Center Cost by Period:
- Right-click and select Create Records for the Period to get
Work Centers that has transactions in the period. Or else create a new record and enter the work center.
- Enter the Actual Work Center Cost for the work center.
- Enter the Actual Overhead 1 Cost for the work center.
- Enter the Actual Overhead 2 Cost for the
work center.
- Save your changes
Or
- Right-click and select Create Records for the Period to get
Work Centers that has transactions in the period. Or else create a new record and enter the work center.
- Enter the Total Work Center Cost and
select Rate Type for the work center.
- Enter the Total Overhead 1 Cost and
select Rate Type for the work center.
- Enter the Total Overhead 2 Cost
and select Rate Type for the
work center.
- The actual cost rates will automatically
gets calculated as soon as the total cost and rate type is entered.
- Save your changes
Labor Class Cost by Period:
- Right-click and select Create Records for the Period to get Labor Classes that has transactions in the period. Or else create a new record and enter the labor class.
- Enter the Actual Labor Class Cost for the labor class.
- Enter the Actual Overhead Cost for the labor class.
- Save your changes.
Or
- Right-click and select Create Records for the Period to get Labor Classes that has transactions in the period. Or else create a new record and enter the labor class.
- Enter the Total Labor Class Cost and
select Rate Type for the labor class.
- Enter the Total Overhead Cost
and select Rate Type for the labor class.
- The actual cost rates will automatically gets
calculated as soon as the total cost and rate type is entered.
- Save your changes.