Specifies standard costs that you want to update.
The window is intended as a tool for purchasers, production or assembly managers, and internal controllers when they have to review and update standard costs. For more information, see About Calculating Standard Cost
The Standard Cost Worksheet window makes it possible to perform the following:
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Prepare the changes in advance of the date when they have to take effect.
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Simulate the effect on the cost of the manufactured or assembled item if the standard cost for consumption, production capacity usage, or assembly resource usage is changed.
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Execute the changes at a given date and let them take effect immediately.
The purchaser uses the Suggest Item Standard Cost batch job to update and work with the costs of purchased items in one worksheet. When the result is satisfactory, the worksheet is given to the internal controller.
The production or assembly manager uses the Suggest Work/Mach Ctr Std Cost batch job to update and work with the production capacity costs and assembly resource costs of processed items in another worksheet. This worksheet is also given to the internal controller.
The internal controller then uses the Copy Standard Cost Worksheet batch job to consolidate the worksheets into one worksheet. The controller uses the Roll Up Standard Cost batch job to make a roll-up of the costs from the purchaser and the production/assembly manager. The roll-up determines the standard costs of manufactured and assembled items. The controller also previews cost changes before and after the roll-up to identify unacceptable deviations. When the updates are acceptable, the internal controller implements the changes to take effect on a given date.
The Implement Standard Cost Change batch job is used to implement the standard cost changes, which updates the standard costs on the item cards of the items that are included in the worksheet. It also creates revaluation journal lines so that you can update the items in stock with the new standard cost.