Average Cost Variance Is Used In Large Transactions Resulting From User Error; How to rectify this
Last updated on FEBRUARY 02, 2017
Applies to:Oracle Cost Management - Version 188.8.131.52 to 184.108.40.206 [Release 11.5]
Information in this document applies to any platform.
Users performed transactions that generated $10M in average cost variance.
What is the proper way to manage the average cost variance in these cases?
also, is this intended to be an asset or expense account?
User issued inventory at $3,040/lb. instead of $3.04/lb. This generated a 9M+ variance. What is the proper way to rectify these types of user errors?
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