Calculation Formulas for Sum of Values That Included in Each Variance Accounts With Job Close Variances

(Doc ID 2355304.1)

Last updated on JANUARY 30, 2018

Applies to:

Oracle Cost Management - Version 12.2.4 and later
Information in this document applies to any platform.

Goal

Please provide individual calculation formulas for sum of values that included in each following variance accounts when occurring Job Close Variances?

Need calculation formulas of Job Close Variances for:
- Material Variance Accounts
- Material Overhead Variance Accounts
- Resource Variance Accounts
- Outside Processing Variance Accounts
- Overhead Variance Accounts
- Estimated Scrap Variance Accounts

Use below column names in the WIP value summary form:
- Each Cost elements(Material, Material Overhead, Resource, Outside Processing, Overhead)
- Previous level (Incurred, Relieved)
- This level (Incurred, Relieved)

 

Solution

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