Costing Variants | Standard | Plan | Actual- Usage in Production Order

4 months ago 18

Dear Experts,

I person a question regarding Costing Variants specifically related to merchandise costing.

We presently utilize 3 chiseled costing variants:
1. Costing Variant (Standard Cost) B1 for modular outgo estimation, which I usage for modular costing.
2. Costing Variant (Plan) B2 for program successful Production Orders.
3. Costing Variant (Actual) B3 for existent successful Production Orders.

Each costing variant is paired with a antithetic costing expanse and overhead rate:
- Costing Variant B1 is paired with Costing Sheet X1, which includes an overhead (O/H) of 10%.
- Costing Variant B2 is paired with Costing Sheet X2, with an overhead of 20%.
- Costing Variant B3 is paired with Costing Sheet X3, with an overhead of 30%.

To clarify, I americium utilizing antithetic overhead rates for each costing expanse for transparency.

After creating a Production Order, issuing materials, confirming activities, completing Goods Receipt, and conducting Month End Closing oregon Event-Based Product Posting each person been done successfully.

I americium trying to recognize however Costing Variants B1, B2 and B3 are utilized successful the calculations and postings of Plan, Actual, and Target Values successful Production Order. If we sermon the valuation of worldly and enactment prices, the reply tin go analyzable and diluted.

Query1:   With the combinations of Costing Variants and Costing Sheets (B1 and X1), (B2 and X2), (B3 and X3), which overhead percent oregon costing expanse should beryllium applied to the Plan Value, Actual Value, and Target Value for overhead amount?

Query2: What is the usage of Costing Variant for Standard Cost (B1),  use of Costing Variant for Plan (B2), use of Costing Variant for Actual (B3)?

Note: It is not related to Actual Costing.

Thanks successful advance.
Best regards,
Sid

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