Understanding how to use Costing versions

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Posted on by John_Clarke

Hi

I am trying to understand how to use and apply costing versions please?

We are fairly new to D365, so learning how to manage processes.

Our manufactured items are all standard cost. Our raw and packaging materials are FIFO.

We are undergoing a review of our material costs, direct costs (labour and energy) and indirect costs.

I have created a Planned cost costing version and modelled all the price increases. We have decided to implement the price increases for our standard cost items effective from the 01/04/2023.

How do I now copy over the Planned costs into the standard cost version but with the effective date of 01/04/2023. I then want all Works order scheduled from that date onwards to carry the updated costs.

If anyone has any good links to either documents or Youtube type tutorials to help me understand would be gratefully received.

Thanks in advance

John