Co/By-Product Costing Change Summary
About this Course
Course Description
Course Objectives
Course Benefits
Audience
Prerequisites
Course Credit and Scheduling
Virtual Environment Information
Additional Resources
QAD Learning Center
QAD Document Library
QAD Support
Co/By-Products
Co-Product/By-Product Topics
Introduction
Overview
Definitions
By-Products
Base Process
Co-Products/By-Products Example
Co-product/By-product Structure
Standard Cost Method
Co-Products/By-Products Costing Process: Setup
Define Items
Base Process
Co-Products
By-Products
Freeze By-Product Cost
Exercise 1: Setting Up Co/By-Product Costing
Set Up Product Structure and Routing for Co-Products
Process/Formula Maintenance
Exercise 2: Working with Co/By-Products
Roll Up Routing Costs
Roll Up Product Structure Costs
Review and Verify Costs
Co/By-Products Cost Report
Exercise 3: Roll Up the Base Process Costs
Cost Calculations
Cost Development Troubleshooting
Co-product in More Than One Base Process
Joint Order Sets
Introduction
Accounting for Joint Orders
Work Order Receipts
Processing Joint Orders at Work Order Close
Exercise 4: Work Orders
Mix Variance
Average Cost Method
Introduction
Allocation Methods
Price Allocation Method Example
Other Allocation Methods
Cost Flow for Average Costs
Variances and Components Reference
Purchase-Related Variances
Manufacturing-Related Variances
Variances by Transaction Flow
Components of Item Cost
Co/By-Product Costing Change Summary
Components of Item Cost