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Hi,
I would like to ask what is the difference between Standard Cost and Unit Price in Navision 2018?
How do they work out in Navision?
What if I put $12 in Standard and not in Unit Price, or if I put the $12 in Unit Price and not Standard Price, Will Navision accept it?
Thank you!
Josh,
Standard Cost field = the current fixed or current rolled-up cost for the Raw Material Item or Manufactured Item, accordingly. For example, you have an Item called Flour and you set the Costing Method to Standard Cost. You set the Standard Cost = 1.00. Now every time you purchase this Item the Standard Cost will be 1.00 compared to the Actual Purchase Invoice Direct Cost and any difference will become a Purchase Price Variance. You update Standards, most cases, a few times a year if the items are volatile or twice a year. The Manufactured Item will be updated using the Standard Cost Worksheet and establishing the Roll-up Cost and implementing this Standard Cost.
Now Unit Price I call MSRP or the price that appears as the Selling Price when their is no Sales Price affiliated with the Customer. The two fields are different. However, if I sell the Item for 20.00 and the Standard Cost = 12.00, I made a profit of 8.00.
Hope this helps.
Thanks,
Steve
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