Fusion Testing
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TC-08179 : Changing an item from turnkey to "costed". How the item reacts with the cost roll when classified as turnkey test how the item's standard cost is reflected after cost roll
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Process Area : F&A
Prerequisites
Item existing and costed Identify a turnkey item which needs to be updated from Supply Type = Build to Supply Type = Purchase, or vice versa.
Steps To Execute
Login as: Kimray-Cost Account Kimray-Cost Supervisor Use the global search to find the tunkey item by name. Open the item record and click edit. Under the Supply Mgmt tab > Locations subtab, update the Supply Type for the Location(s) in question. If you update the Suppy Type = Purchase, also populate a default cost. and optionally an Inventory Cost Template. The detailed steps to perform planned std cost rollup and inventory cost revaluation are outlined in the following design to build test cases: FIN - ITEM - New Item Setup - Run Planned Standard Cost Rollup FIN - ITEM - New Item Setup - Revalue Standard Cost Inventory After you have performed the Cost Rollup and Revaluation, you can validate the GL impact of the Cost Revaluation. To easily find the Cost Revaluation, Navigate to the Item Record > Related Records subtab. Select the View called "Inventory Revaluations by Location". Open the most recent inventory revaluation, and view the GL impact and component detail.
Expected Results
If the item is costed as turnkey item cost will roll as purchase price + material burden. If the item is costed as manufactured item cost should roll using the BOM and router. Cost variance will be booked to 130240 Cost Adjustment Reserve