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Use this form to define a costing version that will contain a set of cost data and to maintain the data. A costing type indicates whether a costing version will contain standard costs or planned costs, which then constrains how cost data will be entered and calculated. After a costing version has been defined, the form provides a starting point for maintaining cost data. Data maintenance includes entering item cost records for purchased items, entering cost records for cost categories that are used in production, calculating item cost records for manufactured items, activating cost records, and copying item cost records to a costing version. Site-specific cost data can be maintained when you use the multisite functionality.

An alternative form is labeled . The form only supports the maintenance of cost data that is associated with unblocked costing versions, and does not support the creation of a new costing version or the definition of its policies. The form is the preferred form for data maintenance purposes.

A costing version can also contain content about an item's purchase prices or sales prices, but this information only applies to calculations of a manufactured item's sales price by way of the form.

Examples

A standard costing environment could define one costing version that contains the standard costs for the current period, and define additional costing versions for future periods. The costing version for the current period standard costs would only contain active costs, and the blocking policies would prevent the entry of pending costs and the activation of pending costs. The active standard costs will be used for valuing inventory transactions.

An actual costing environment could define one costing version that contains planned costs. The costing version for these planned costs would only contain active costs, and the blocking policies would prevent the entry of pending costs and the activation of pending costs. The active planned costs will be used for valuing certain types of inventory transactions, such as an inventory adjustment, transfer, or cycle count, when actual costs have not yet been recorded.

Navigating the form

The following tables provide descriptions for the controls in this form.

Tabs

Tab

Description

Display the costing versions, the costing version type, and the blocking policies.

Display information for a selected costing version.

Display the validity date, site and content for a selected costing version.

Display the calculation restrictions for a selected costing version.

Buttons

Button

Description

Maintain cost data about items or cost categories (for routing operations).

Copy item cost data to the pending costs of another costing version.

Print a report about item prices or cost category prices.

Activate the pending costs for items within the costing version.

Calculate pending costs for manufactured items within the costing version.

Fields

Field

Description

Select whether cost data within the costing version reflects standard costs or planned costs.

Define the costing version identification.

Define the costing version description.

Select whether pending costs within the costing version can be maintained, deleted, and calculated.

Select whether pending costs within the costing version can be activated.

A system-maintained date that shows the last date any cost data was activated.

A system-maintained date that shows the last date any cost data was entered.

The from-date will be used as the default from date when entering a cost record within the costing version. The from-date will also be the mandated calculation date when initiating BOM calculations involving the costing version. Leave the field blank to allow the entry of any calculation date.

The site will be used as the default site when entering a cost record within the costing version, and entry of a different site will be prevented. The site will also be the mandated site when initiating BOM calculations involving the costing version. Leave the field blank to allow the entry of any site.

Select whether recording restrictions will be enforced about miscellaneous charges and rounding. The recording restrictions about miscellaneous charges must be enforced for a costing version with a type of standard costs. The restrictions can be optionally enforced for a costing version with a type of planned costs.

Select whether miscellaneous charges for an item will be included in the item's cost.

Select whether calculated costs for a manufactured item will be rounded to the decimal precision of the company's local currency.

Allow purchase price records about items to be added to the costing version.

Allow cost records about items, cost categories, and indirect costs to be added to the costing version.

Allow sales price records about items to be added and calculated within the costing version.

Select whether restrictions about BOM calculation policies will be enforced. The calculation restrictions must be enforced for a costing version with a type of standard costs. The restrictions can be optionally enforced for a costing version with a type of planned costs.

Select the source of a component's cost data that is used by BOM calculations. The source can be the item cost records within a costing version, or the source of cost data identified by the BOM calculation group that is assigned to each component item. Standard costing requires a costing version source.

Use a fallback status of none when you employ a one-version approach to cost data updates.

Use the other fallback options when the costing version represents the incremental cost updates in a two-version approach. The option indicates the alternate source of cost data if it does not exist within the costing version. An alternate source comprises either the active costs (regardless of costing version) or a specified costing version.

Select the costing version when you use a fallback principle of another costing version.

Select the set of price-setting percentages that will be used as a default when initiating a BOM calculation involving the costing version. The profit-setting percentages are used to calculate a suggested sales price

Select how costs will be calculated for manufactured items.

See Also