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Sunday, May 19, 2013

Cost Sub Elements


Cost Subelements

You can use subelements as smaller classifications of the cost elements. Each cost element must be associated with one or more subelements. Define subelements for each cost element and assign a rate or amount to each one. You can define as many subelements as needed.

Material Subelements

(a)    Classify your material costs, such as plastic, steel, or aluminum.

(b)   Define material subelements and assign them to item costs. Determine the basis type (allocation charge method) for the cost and assign an appropriate amount.  

Material Overhead Subelements -

(a)    Define material overhead subelements and assign them to item costs.

(b)   Determine the basis type for the cost and define an appropriate rate or amount, such as purchasing, freight, duty, or material handling.  

Resource Subelements

(a)    Define resource subelements.

(b)   Determine the basis type for the cost and define an appropriate rate or amount.

(c)    Each resource you define is a subelement, can be set up to charge actual or standard costs, and may generate a rate variance when charged.  

Overhead Subelements

(a)    Define overhead subelements and assign them to your item costs.

(b)   Determine the basis type for the cost and define an appropriate rate or amount.

(c)    Overhead subelements are applied in the routing and usually represent production overhead.

(d)   You can define overheads based on the number of units or lot moved through the operation, or based on the number of resource units or value charged in the operation.  

Outside Processing Subelements

(a)    Define outside processing subelements.

(b)   Determine the basis type for the cost and define an appropriate rate or amount.

(c)    This subelement is associated with the outside processing cost element and represents service provided by suppliers.

(d)   Each outside processing resource you define is a subelement, may be set up to charge actual or standard costs, and may generate a purchase price variance when charged.  

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