Average to Standard Costing

Yahoo Archive
1
Sorry for the delay... We don't have the inventory interface
turned on and we don't use the capture wip program. Therefore
when we create entries for wip and scrap we need to use the
information from the reports but they are actual not standard.

Troy Funte wrote:
>
> Joe,
> Can you elaborate on the WIP report? It would use the actual costs that are acruing on the part, wouldn't it? Then what happens when a Job closes that opened as average cost, and was on standard cost when it closed? Does it show in a variance report somewhere?
>
> (All this stuff is fairly new to me, by the way.)
>
> Troy
>
> >WIP report doesn't value wip at standard. DMR/Scrap reports don't
> value scrap at standard.
>
> [Non-text portions of this message have been removed]
>
>
> To access the Files Section of our Yahoo!Group for Report Builder and Crystal Reports and other 'goodies', please go to: http://groups.yahoo.com/group/vantage/files/. Note: You must have already linked your email address to a yahoo id to enable access.
>
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2
We will be changing all our parts from Average to Standard Costing. I know a few of you have done it before. We will be going from 3.0 to 4.0 at the same time.

Could some of you please help me with a few VERY important questions.

1. How does the value in WIP get affected by changing parts that are in WIP? This is our biggest concern.

2. Is it best to change the parts in 3.0 first, then convert to 4.0? Or should we convert to 4.0 and then change the parts to Standard?

3. What other issues should we be aware of? We're trying to think ahead...


[Non-text portions of this message have been removed]
3
Troy Funte wrote:
>
> We will be changing all our parts from Average to Standard Costing. I know a few of you have done it before. We will be going from 3.0 to 4.0 at the same time.
>
> Could some of you please help me with a few VERY important questions.
>
> 1. How does the value in WIP get affected by changing parts that are in WIP? This is our biggest concern.
>
> 2. Is it best to change the parts in 3.0 first, then convert to 4.0? Or should we convert to 4.0 and then change the parts to Standard?
>
> 3. What other issues should we be aware of? We're trying to think ahead...

WIP report doesn't value wip at standard. DMR/Scrap reports don't
value scrap at standard.


> [Non-text portions of this message have been removed]
>
>
> To access the Files Section of our Yahoo!Group for Report Builder and Crystal Reports and other 'goodies', please go to: http://groups.yahoo.com/group/vantage/files/. Note: You must have already linked your email address to a yahoo id to enable access.
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
4
Joe,
Can you elaborate on the WIP report? It would use the actual costs that are acruing on the part, wouldn't it? Then what happens when a Job closes that opened as average cost, and was on standard cost when it closed? Does it show in a variance report somewhere?

(All this stuff is fairly new to me, by the way.)

Troy

>WIP report doesn't value wip at standard. DMR/Scrap reports don't
value scrap at standard.




[Non-text portions of this message have been removed]
5
The stock status report would show std cost, quantity and value. The wip
report shows the actual cost vs the std cost and the difference is mfg var.
When the job closes the var gets posted to the mfg var cost acct. I have
been running std cost for 2 years on ver 3.00. It woks well for me but you
have to know how the whole system works. If you need e-mail me off list.

L. D. Eates


-----Original Message-----
From: Joe Konecny [mailto:jkonecn@...]
Sent: Wednesday, April 04, 2001 10:35 PM
To: vantage@yahoogroups.com
Subject: Re: [Vantage] Average to Standard Costing


Troy Funte wrote:
>
> We will be changing all our parts from Average to Standard Costing. I
know a few of you have done it before. We will be going from 3.0 to 4.0 at
the same time.
>
> Could some of you please help me with a few VERY important questions.
>
> 1. How does the value in WIP get affected by changing parts that are in
WIP? This is our biggest concern.
>
> 2. Is it best to change the parts in 3.0 first, then convert to 4.0? Or
should we convert to 4.0 and then change the parts to Standard?
>
> 3. What other issues should we be aware of? We're trying to think
ahead...

WIP report doesn't value wip at standard. DMR/Scrap reports don't
value scrap at standard.


> [Non-text portions of this message have been removed]
>
>
> To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please go to:
http://groups.yahoo.com/group/vantage/files/. Note: You must have already
linked your email address to a yahoo id to enable access.
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/


To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please go to:
http://groups.yahoo.com/group/vantage/files/. Note: You must have already
linked your email address to a yahoo id to enable access.

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/