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TC-08096 : Add overhead rate
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Process Area : F&A
Steps To Execute
Role: Kimray Cost Supervisor, Kimray Cost Accountant Navigate to Financial > Lists > Items > New Select the Item Type as Other Charge > For Purchase Enter the Item Name, Expense Account, and Tax Schedule (not applicable but required) Under the Accounting tab, select the Cost Category, such as Labor Run OH, or Machine Run OH. Select the Manufacturing Charge Item Checkbox. Save. The new Other Charge for Purchase item can now be associated to Manufacturing Cost Templates, which can then be assigned to Manufacturing Routings, and Assembly Items.
Expected Results
to ensure proper valuation of raw materials or purchased goods transformed via machining operations.