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Evo-ERP and DBA Classic >> Manufacturing >> JC-B Profit Projection
http://www.istechforum.com/YaBB.pl?num=1077554112

Message started by benp on 02/23/04 at 08:35:12

Title: JC-B Profit Projection
Post by benp on 02/23/04 at 08:35:12

When I run a JC-B, there are some items that show zero for an estimated & projected cost.

These items are type "R" and have last & avg costs. The item is in inventory and we did not purchase it for the WO.

Title: Re: JC-B Profit Projection
Post by Lynn Pantic on 02/23/04 at 09:27:19

Estimated costs in Work Orders are based on Standard cost at the time the WO is created, not last or average. You can use IN-L-E to reset Purchased Part standard cost to be equal to last or average cost, then open the WO in WO-A, save it and say Y to recalculate the estimated costs.

Title: Re: JC-B Profit Projection
Post by benp on 02/23/04 at 09:32:46

What if we don't use standard cost?

Also, why do some item have a standard cost & others don't?

Title: Re: JC-B Profit Projection
Post by shadowcaster on 02/23/04 at 09:40:48

I cant think of any reason not to use standard cost.

there are lots of reasons to use it.

I would run IN-L-E asap and get something in those empty fields then Job costing will work properly

JW

Title: Re: JC-B Profit Projection
Post by Lynn Pantic on 02/23/04 at 10:27:25

Even if you don't want to base any actual transactions on standard cost, it is still a good idea as John says to populate the fields and do the cost rollup in BM-G to get assemply standard costs. The standard is simply a benchmark of what the item "should" cost and is used as the Estimated cost in Work Orders and Job Cost reports and is also used by the Estimating module.

If your component prices are volatile, you may run IN-L-A and BM-G frequently to keep the benchmark current but if you are in a more stable market, then quarterly or even less frequently is fine.

Title: Re: JC-B Profit Projection
Post by benp on 02/23/04 at 11:22:17

OK, thanks.

That fixes the problem, but why wouln't there be a standard cost there to begin with?

Title: Re: JC-B Profit Projection
Post by Lynn Pantic on 02/23/04 at 12:24:04

Unless you enter and roll up the standard cost, in IN-L-E, IN-L-A, IN-B or BM-G, there will not be a standard

Title: Re: JC-B Profit Projection
Post by tdlugosh on 02/23/04 at 12:31:39

It also seems that an Estimate will fill in the standard cost. I'm not sure why this is, as I'm just begining to "play" around with the estimating module, and I can't find any documentation that refers to thr reason for this.