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WS: 30: Standard Cost Simulation (P30820), Cost Update (P30835) and WIP Revaluation (P30837) in A8.1, A9.1 Onward (Doc ID 1541652.1)

Last updated on MAY 03, 2018

Applies to:

JD Edwards World Product Data Management - Version A9.1 and later
Information in this document applies to any platform.

Purpose

Overview

The Standard Cost methodology in Manufacturing consists of a two step batch process which is achieved by using the combination of the Cost Simulation (P30820) and Cost Update (P30835) programs. This two step process requires that the same set of data is selected in both programs, i.e. one after the other, running first the simulation P30820  then the cost update P30835.

The appropriate setup, use and preparation of some preliminary steps to run these batch programs will contribute to a successful result.  The definition and monitoring of products costs are measurable for a company to compare its manufacturing performance against the Standard (Target) cost established in the system.

The Standard Cost methodology is used in the Work Order inventory activity as well as the Work Order Manufacturing Accounting in A8.1, A9.1 and above.

For programs in A7.3 refer to WS: 30: Manufacturing Standard Cost Simulation (P30820) and Standard Cost Update (P30835) Document 1541708.1.

Scope

This is beneficial and important for anyone involved in manufacturing product costing.  Knowledge of the Inventory Management, Product Data Management, Shop Floor, Costing and Manufacturing Accounting modules is required. The information provided in this document is additional to the Product Costing and Manufacturing Accounting Guides/Chapter 2 Product Costing.

Details

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In this Document
Purpose
 Overview
Scope
Details
 Prerequisites
 Setting Up Product Costing
 Cost Rollup Reports to Consider
  Glossary of Terms
 Cost Simulation (P30820) Processing Options for A8.1, A9.1 onward
 Frozen Cost Update (P30835) Processing Options for A8.1, A9.1 and above
 Journal Entries (Not applicable to WIP Revalued Items)
 WIP Revaluation (P30837)
 Variance Flag Exceptions Report and WIP Revaluation
 Files Used and Updated
 Understanding Single Level versus Multi-Level Cost Rollup
 Single Level vs Complete Roll Up Processing Option Examples
 Excluding/Including Items in Cost Simulation
 Stocking Type and Other Exclusions
 Planning a Mass Cost Update
 Troubleshooting
 Phantoms
 Non-Stock Items
 F4105 Cost Level (CLEV) and F30026 Cost Component level
 Errors
References

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