Advanced Repetitive Costing
Advanced Repetitive Topics
The introductory section of this chapter on advanced repetitive transactions and costing includes a comparison of advanced repetitive and work orders, and a discussion of two key concepts; the cumulative order and milestone operations. The rest of the chapter covers the advanced repetitive life cycle: labor reporting, posting accumulated usage variances, scrap, and closing the cumulative order.
A good working knowledge of Advanced Repetitive functionality as taught in the Advanced Repetitive course will be helpful. This course, focusing on cost, does not cover all the functionality of Advanced Repetitive and takes several shortcuts that would not be normal in a production scheduling environment.