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
Product Costing Setup
Course Overview
Topics
Product Costing Overview
Product Costing: Summary of Setup
Setup
Review Accounts
Set Up Inventory Control
Inventory Accounting Control
Set Up Work Order Control
Work Order Accounting Control
Exercise 1: Review Accounting Records
Enter Item Data
Item Planning Maintenance
Effect of Pur/Mfg Code on Cost
Exercise 2: Effect of Pur/Mfg Code
Effect of Phantom Field Settings
Exercise 3: Effect of Phantom Field
Enter Purchased Material Costs
Item Cost Maintenance
Overhead and Burden Cost Update
Exercise 4: Add New Item
Set Up Departments
Department Maintenance
Work Center Maintenance (14.5)
Work Center Maintenance
Exercise 5: Review Department and Work Center Records
Routing Maintenance (14.13.1)
Routing Maintenance
What Labor Costs per Operation Are Based On
What Labor Burden Costs Are Based On
What Machine Burden Costs Are Based On
Exercise 6: Add Routing
Subcontract Cost per Unit
Subcontract Routing/OP PO Maintenance
Routing Cost Report
Item Routing Cost Report
Exercise 7: Subcontract & Routing Cost Report
Product Structure Maintenance (13.5)
Product Structure Maintenance
Engineering Changes in Product Structure (Material Costs)
Phantom Use-Up Logic
Exercise 8: Engineering Change in Product Structures
Exercise 9: Engineering Change using Phantom Use Up Logic
Effect of Structure Type on Costs
Exercise 10: Effect of Structure Type Code
Reject Costing and Loss Costing
Loss Costing
Implementing Loss Costing (Yield Percent)
Calculation of Costs for Yield
Yield Effect on Lower-Level Costs
Exercise 11: Effect of Product Structure Scrap
Loss Costing: Scrap Percent
Lower-Level and Total Costs Calculations
Reject Costing
Exercise 12: Effect of Work Order Reject Costing
Transactions Detail Inquiry
Formula Maintenance
Summary
Components of Item Cost: Material
Components of Item Cost: Labor
Components of Item Cost: Burden
Routing Cost Calculations: Review
Product Costing Processes
Process
Product Costing: Process
Product Costing Process: Summary
Cost Calculations
Roll Up Routing Costs
Routing Cost Roll-Up Calculations
Routing Cost Calculations: Review
Routing Cost Roll-Up
Roll Up Product Structure Costs
Product Structure Cost Roll Up (13.12.13)
Product Structure Cost Report
Move Current Costs to the GL
Current Cost Set Move to GL Set (1.4.22)
Exercise 13: Current Cost Set Move to GL Set
Freeze GL Costs
Cost Roll-Up Freeze/Unfreeze Screen
Exercise 14: Freeze GL Cost Set
Standard Costing Process
Revalue WIP
Standard Costing Process
Revalue Sales Order Cost
Variances and Components Reference
Purchase-Related Variances
Manufacturing-Related Variances
Variances by Transaction Flow
Components of Item Cost
Product Costing Change Summary
Components of Item Cost