Skip to main content

Notifications

Announcements

No record found.

Small and medium business | Business Central, N...
Answered

What is the difference between Standard Cost and Unit Price in Navision 2018

(0) ShareShare
ReportReport
Posted on by 662

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?

1563.jpg

Thank you!

  • Verified answer
    Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: What is the difference between Standard Cost and Unit Price in Navision 2018

    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

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

Quick Links

December Spotlight Star - Muhammad Affan

Congratulations to a top community star!

Top 10 leaders for November!

Congratulations to our November super stars!

Tips for Writing Effective Verified Answers

Best practices for providing successful forum answers ✍️

Leaderboard

#1
André Arnaud de Calavon Profile Picture

André Arnaud de Cal... 291,419 Super User 2024 Season 2

#2
Martin Dráb Profile Picture

Martin Dráb 230,492 Most Valuable Professional

#3
nmaenpaa Profile Picture

nmaenpaa 101,156

Leaderboard

Featured topics

Product updates

Dynamics 365 release plans