Perform Rollup – A summary of the activity

In this activity you can conduct a cost rollup. You can perform the rollup based on all cost types. The Standard Costing uses predetermined Standards using which the inventory is valued from time to time. This calls for periodic revision of standards based on the budgeted output. One method by which the inventory costs are revalued is through the process of Cost Roll up. Cost Roll up is a process of calculating the cost of manufactured items that is, the finished goods and the intermediates based on product structures and standard duration taken for production.  Apart from yielding the unit cost for the items the process also results in giving break up of the unit cost in terms of the component cost elements.

Roll up can be initiated for all cost types defined for a company. The process of cost calculation by a rollup is the same for standard costs as it is for other cost types such as simulated costs, target costs and base year LIFO costs except in one aspect - the calculation of routing operation costs, inputs cost of the recipe. Items will be selected from the Item-OU.

In this activity you can also fetch item costs and enter item cost based on the item cost entry option. You can perform a rollup after  giving an item cost. This activity also allows you to view the rollup details. You can select a particular item and view its cost details.

If the rollup process encounters some errors, these can be viewed in the View exceptions page.  In this activity you can also view the additional cost burden. You can view the burden element and you can also create a burden factor on the costs.

Getting familiar with the pages inside