An individual component cost identified by a particular cost component class can be further broken down using cost analysis codes for more granular tracking of costs. The cost analysis codes are used to group component costs from multiple cost component class types to provide an alternate view of the total cost. For example, you can define direct or indirect analysis codes for each cost component.
Consider the following example:
As shown in the example, you can assign the same analysis code to multiple cost components.
Defining Cost Analysis Code
- Item: ABC
- Inventory organization: A
- Cost Calendar/Period: June, 2001
Component Analysis Value MATERIAL DIR $18.765948788 LABOR DIR $22.150682432 INDIRECT EXPENSE IND $13.502400000 PACKAGING DIR $ 5.765980654 Total Item Cost n/a $60.185011874
DIR = Direct CostsIND = Indirect Costs
As shown in the example, you can assign the same analysis code to multiple cost components.
- Navigate to the Cost Analysis Code window.
- Enter the Code to identify the cost analysis type. For example, DIR for Direct Costs, or IND for Indirect Costs. Required.
- Enter a Description for the analysis code. For example, enter Value Added or Non-value Added. Required.
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