Work Order 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
Work Orders
Work Order Topics
Introduction
Work Order Maintenance Screen
Component Issues
Component Issues: Three Methods
Floor Stock
Work Order Issue: Transactions Detail
Work Order Bill of Material
Material Rate Variance
Issue Components: GL Effect
Exercise 1: Review Accounting Records
Exercise 2: Set Up a Work Order
Exercise 3: Work Order Processing
WIP Material Cost Revaluation
WIP Material Cost Revaluation: Transactions Detail
Floor Stock
Floor Stock: Issues Unplanned
Floor Stock: Transactions Detail
Exercise 4: Floor Stock Issues
Intersite Transfers/Multi-Site Component Issues
Intersite Transfers and Multi-Site Component Issues Variances
Intersite Transfer With Variance: Example
Intersite Transfer: Transactions Detail (Receiving Site)
Intersite Work Order Issue
Intersite Work Order Issue - Transfer With Variance
Intersite Transfers and Multi-Site Component Issues: GL Effect
Exercise 5: Material Variances
Exercise 6: Material Variances Multi-Site Issue
Labor Reporting
Labor Feedback by Work Order
Labor and Burden Absorption
Labor Calculations
Labor Rate Variance
Labor Usage Variance
Labor Reporting: GL Effect (Default GL Entry)
Burden Calculations
Burden Rate Variance
Burden Usage Variance
Burden: GL Effect
Labor Rate Variances: Summary
Exercise 7: Work Order Labor Transactions
Subcontract: GL Effect
Subcontract-Related Variances: Summary
Work Order Receipts
WO Receipt
WO Receipt: Transactions Detail
Work Order Receipt: GL Effect
Work Order Receipt: Reject Costing
Transactions Detail: Reject Costing
Work Order Receipt: Loss Costing
Exercise 8: Scrap at Work Order Receipt
Non-Standard Work Orders
Non-Standard WO: Rework
WO Accounting Close
Material Usage Variance: Summary
Method Variance: Work Orders
Work Order Accounting Close: GL Effect
Work Order Cost Report
Accumulated Quantity, Average Cost, Balance
Expected Cost: Material
Accrued Variance
Accumulated Cost: Material
Rate Variance Posted: Material
Usage Variance Posted: Material
Expected Labor Cost
Accumulated Cost: Labor
Rate Variance Posted: Labor
Usage Variance Posted: Labor
Expected Cost: Burden
Accumulated Cost: Burden
Rate Variance Posted: Burden
Usage Variance Posted: Burden
Expected Cost: Subcontract
Rate Variance Posted: Subcontract
Standard Cost Received
Method Change Variance
Information Sources
Variances and Components Reference
Purchase-Related Variances
Manufacturing-Related Variances
Variances by Transaction Flow
Components of Item Cost
Work Order Costing Change Summary
Components of Item Cost