Use this function to create and maintain cost buckets by site. When a user creates a site, predefined cost buckets will be available. A cost bucket represents the costs of any given part in the system. When using buckets, you can distinguish between costs of the same kind.
Bucket of Element is the standard type, i.e., it is used within predefined buckets at system startup.
Bucket of Burden is to be used as a source for the cost bucket, the tab is available only if the bucket type is Bucket of Burden. When a Bucket of Burden is to be used as Non-deductible Tax, it is important to set the Cost bucket Cost Type of the Bucket of Burden to Non-deductible Tax. Only the Buckets of Burden containing the cost buckets with Cost Bucket Type equal to Material Cost are allowed to be set as Non-deductible Tax.
Bucket of Buckets is to be used as a source for the cost bucket, the tab is available only if the bucket type is Bucket of Buckets.
Buckets of Activity is automatically created with the same name as the activity when you define a cost activity. Optionally, you can create a bucket of activity first and then connect it to an alreday defined activity. This would be the case if you, for example, wanted to connect the same activity to several different buckets. The consumption of activities is what drives costs through the system. The activities themselves are not cost generating. It is their connection to cost centers that causes them represent costs.
Cost Bucket ID | Cost Bucket Description |
110 | Estimated Material Cost |
120 | Latest Purchase Price |
130 | Average Purchase Price |
140 | Planned Purchase Price |
150 | DOP Purchased Material Cost |
160 | Purchase Additional Cost Amount |
170 | Purch Charge on Supplier for Part |
200 | Labor Runtime Cost |
201 | Labor Setup Cost |
221 | Labor Overhead Cost |
250 | Contract Labor Cost |
300 | Machine Cost |
321 | Machine Overhead1 Cost |
322 | Machine Overhead2 Cost |
400 | Sub-contracting Cost |
421 | Sub-contracting Overhead Cost |
510 | Inter-site Material Cost |
A cost bucket defines how part costs are displayed in the system and combines other lower level cost details.
In the Posting Cost Group field, select the posting cost group to which you want to connect the cost bucket. Note that if you set Mandatory to Use Posting Cost Groups to on in the Posting Cost Groups page, it will not be possible to create new cost buckets without connecting to posting cost groups.
It is not possible to connect the below mentioned Cost Elements directly into a cost bucket.
This activity has the following prerequisites:
As a result of this activity: