Copy Costs to Cost Set One - Selected Parts
Explanation
Use this activity to copy cost sets of selected parts to cost set 1. This compulsory task is to be performed by
a system administrator or equivalent person.
Cost set 1 is used as the standard cost set. You can copy costs from any cost set into cost set 1. If the IFS
site is defined as using standard costs, then cost set 1 can only be updated by performing this activity. Because
costs of cost set 1 cannot be overwritten, the current costs are moved to a history table, where they can be viewed
for historical purposes.
One of the most common mistakes you make is that you forget to copy work center, labor, and/or subcontracting
costs to a new cost set, which in this case is cost set 1. You can easily avoid this mistake by set the options
Copy Work Center and Labor Class Costs and Copy Subcontracting Costs to enable.
Note: If you enable the Copy Work Center and Labor Class Costs option, all costs for work centers
and labor classes on the site are copied from the selected cost set to cost set 1. And similarly if you enable the
Copy Sub Contracting Costs option, all subcontracting costs for outside operations are copied from the
selected cost set to cost set 1.
For supplier delivery overheads defined in the source cost set, in order to copy supplier delivery overhead in
to destination cost set it is required to have the Copy Supplier Delivery Overhead option enabled.
If the Capture Cost Sources option is enabled, the cost sources for the cost buckets are captured in the
part cost calculation. These cost sources will then be included in the shop order estimated calculation and also
when generating project costs.
Under Copy Components section;
- You have Include Components option which will include copying of costs of the underlying
structure. This is editable only if the part number, part status or the cost group is specified.
- You can decide whether to update the Cost Set 1 values of the underlying structure of end items by selecting
Copy Part Cost Tree and Update Inventory Value option. This is the default setting. And if
standard costing is used, then the inventory value of these components will also be updated.
- Or you can copy only the costs of the components for the end item’s part cost tree and decide not to
update the Cost Set 1 values of its underlying structure by selecting Copy only Part Cost Tree
option. Therefore, their inventory values will remain unchanged.
- The Copy only Part Cost Tree option is effective only when the Copy Costs to
Cost Set One job is executed for a selected set of end items. (example; a selection of Cost
Group, Part Status, Include Configurable Parts, Only Copy
Approved Parts, or Part No) Otherwise, Cost Set 1 values of all the parts will be
updated.
Note: Only costs connected to structure/routing alternate "*" are copied (due to the fact that
the inventory valuation logic only handles "*"). When you copy part costs to cost set 1 (standard costs),
the inventory is revalued, and new postings are created.
Prerequisites
This activity has the following prerequisites:
- More than one part cost record must be selected. The selected records cannot be of the same part.
- Costs for a cost set other than cost set 1 must exist.
System Effects
As a result of this activity:
- The inventory value will be modified for parts with inventory valuation method set to Standard Cost
and inventory part cost level set to Cost Per Part. If the inventory part has a balance on hand, the
system automatically recalculates the inventory value for the part. Posting types M8 and M9 are affected, and the
inventory value is increased or decreased accordingly.
- Postings to the accounting systems will be created, since the inventory value is updated.
- The costs of cost set 1 cannot be overwritten, so the current costs will be moved to a history table. This
part cost history can be used to follow up on valid costs throughout history.
- An entry is added to the Part Cost History page.
- The cost set estimated material cost of cost set 1 for all parts subjected to copying will be replaced with
the costs of source cost set.
- Copying costs to cost set 1 will be the only available option to update cost set estimated material cost in
cost set 1.
- If the Update Estimated Material Cost in Inventory Part option is enabled, the estimated material cost
of the respective inventory part is updated.
- The part specific general overheads, material overheads, sales overheads, purchase part delivery overheads
and supplier for purchase part delivery overheads defined for the source cost set will be copied in to cost set
1. As a result, corresponding overhead records for the cost set 1 will be created and could be seen in respective
clients for such part connected overheads.
- For supplier delivery overheads, costs will be copied to cost set 1 only if the Copy Supplier Delivery
Overhead option is enabled.
- If the Run in Background option is enabled, the process will run as a background job.