Fusion Testing
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TC-12023 : f. Map Landed Cost Templates to items.
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Process Area : F&A
Prerequisites
Login using the Kimray Cost Accountant role Cost Categories Defined Other Charge Items Defined Cost Templates Defined
Steps To Execute
Raw Materials or other Item Lists ; Accounting ; Items Edit an item which is considered Raw Materials or other such as Item 1164B Navigate to the Supply Mgmt subtab and then navigate to Locations Click on the Edit link for the desired location (i. e. Corpus Christi) to define Item Location Configuration attributes. Assign the Inventory Cost Template "Material Burden Raw Materials or other". Save. Repeat this Step for all desired locations for the item which require the Inventory Cost Template. Note: Item Location Configuration attributes can be set via CSV import or the UI. Also note that the Gain/Loss Account for the item is assigned to 510010 Material Burden which is relevant for Transfer Order Fulfillments This account captures the variance between the unburdened standard cost in the transferring location and the transfer price. Normally this variance represents Material Burden but it could also include other variances between unburdened Standard Cost and Transfer Price if they are not equal to each other. Resale Item Lists ; Accounting ; Items Edit an item which is considered Resale such as ItemYAK2 Navigate to the Purchasing/Inventory tab and Locations subtab Click on the Edit link for the desired location (i. e. Corpus Christi) to define Item Location Configuration attributes. Assign the Inventory Cost Template "Material Burden Resale". Save. Repeat this Step for all desired locations for the item which require the Inventory Cost Template. Note: Item Location Configuration attributes can be set via CSV import or the UI. Also note that the Gain/Loss Account for the item is assigned to 510010 Material Burden which is relevant for Transfer Order Fulfillments This account captures the variance between the unburdened standard cost in the transferring location and the transfer price. Normally this variance represents Material Burden but it could also include other variances between unburdened Standard Cost and Transfer Price if they are not equal to each other.
Expected Results
After this change the next time the process "Planned Standard Cost Rollup" is run for this item the standard cost will be updated. Any existing inventory balances will revalued the next time the process "Revalue Standard Cost Inventory" is run.