Field descriptions: Standard cost calculation

This page describes the fields for the Standard cost calculation page. The fields in each section are listed in alphabetical order.

Field Description
Calculation user Your Sage Distribution and Manufacturing Operations user name.
Commodity code

The internationally recognised reference code that describes the item for import or export.

A commodity code determines the rate of Customs Duty and any taxes due on the item. The code comprises 2 elements. The first 6 digits are recognised worldwide; the remaining digits are determined by each individual country.
Component standard cost

Indicates if the standard cost defined for the item-site is to be used in the standard cost calculations.

If selected, the calculations use the item standard cost instead of the item stock valuation method when the item is valued using the average unit cost or FIFO cost (first in, first out cost).

If clear, the calculations use the item-site valuation method when the item is valued using the average unit cost or FIFO cost (first in, first out valuation method).
Cost category

The stock valuation method used for the standard cost calculations.

Standard cost: The cost is typically established at the beginning of a period to value the item and the stock movements.
Include routing

Indicates if the cost of producing the item is included in the standard cost calculations.

If selected, the resource and operation costs defined in the routing for the finished item and any subassembly routings are included in the standard cost calculations.

If clear, production operation costs are zero.
Item category

The item category.

The list of item categories includes those delivered by Sage and item categories created by your organisation that identify with your production and sales processes.
Items

The item name.

You can enter or select multiple items with a standard cost stock valuation method.

Leave blank to include all items at the site, including those items that are valued using the average unit cost or FIFO cost (first in, first out cost).

An item is defined as a bill of material (BOM).
Quantity

The quantity to calculate the standard costs for.

The default quantity is 1.
Site

The site the item is stored at or managed from.
Start date

The date the new standard cost is effective. The current date is the default date. You can select a later date.
Status The item and bill of material cost update status: Draft or Completed.

Results grid

This table also describes the fields for the Item window. To display the Item window, after calculating the new standard costs, from the More actions icon for a finished item, select Subassemblies.

Field Description
Calculation quantity Item window, Subassemblies grid only: The quantity of the component in the component unit of measure needed to make the base quantity of the finished item.
Component number Item window, Subassemblies grid only: The component sequence number in the BOM or the order of the component in the bill.
Cost creation status Results grid only: The calculated cost update status.
Current labour cost

The current item-site labour cost for the calculation Quantity.
Current machine cost

The current item-site machine cost for the calculation Quantity.
Current material cost

The current item-site cost of materials for the calculation Quantity.
Current tool cost

The current item-site tool cost for the calculation Quantity.
Current total cost

The current total item-site cost for the calculation Quantity.
Item ID The item code.
Item name The name of the item.
Labour cost

The calculated item-site labour cost for the calculation Quantity.
Machine cost

The calculated item-site machine cost for the calculation Quantity.
Material cost

The calculated item-site cost of materials for the calculation Quantity.
Tool cost

The calculated item-site tool cost for the calculation Quantity.
Total cost

The calculated total item-site cost for the calculation Quantity.

Dimensions window

Use to define default and individual attributes and dimensions for managing business rules and analysing and tracking the change in the item costs using analytical accounting data.

Field Description
Channel

The Channel dimension name.

Channel dimensions are used to aggregate revenue for analytical purposes, by geographic area or by business type, for example.
Department

The Department dimension name.

Department dimensions are used to aggregate financial information for analytical purposes by department.
Project

The Project attribute name.

Project attributes are used to aggregate financial information for analytical purposes by project.