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Standard Cost Detail

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Posted on by 34

We utilize standard costing in our manufacturing facility.  We will roll costs quarterly to update this field.  I am wondering how to see the detail of what the standard costs are.  For example, I have an item that has a standard cost of $100.00 within that costs there are labor and materials.  How do I breakdown what exactly the system is stating the different material costs are in this standard cost number of $100.00?

  • Verified answer
    Jun Wang Profile Picture
    Jun Wang 7,443 Super User 2024 Season 2 on at
    Standard Cost Detail
    you could run the report Detailed Calculation to get the breakdowns
     
  • knovotny Profile Picture
    knovotny 34 on at
    RE: Standard Cost Detail

    Thank you! I thought this would work also but this does not match the variance report or the actual cost that is hitting the GL.  I am unsure where these numbers are coming from or why they change?

  • YUN ZHU Profile Picture
    YUN ZHU 74,115 Super User 2024 Season 2 on at
    RE: Standard Cost Detail

    Hi, hope the following helps.

    http://navhelp.modst.dk/help/en/N_5872.htm

    Thanks.

    ZHU

  • knovotny Profile Picture
    knovotny 34 on at
    RE: Standard Cost Detail

    Thank you!  I have looked at this, however what I would like to know is if you can see a breakout of what the standard cost is made up of.  For example, I have a part that is produced using many other parts and labor (according to the BOM).  I would like to see what the Standard Cost shows for each parts costs to come up with the main parts total cost of materials.

  • DAnny3211 Profile Picture
    DAnny3211 9,272 Super User 2024 Season 1 on at
    RE: Standard Cost Detail

    hi

    look this

    learn.microsoft.com/.../finance-about-calculating-standard-cost

    DAniele

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