Variances at the Work Center Level
You must activate the Cost by Work Center constant in the Manufacturing Constants program (P3009) to record variances at the work center level.
To record a variance, the system uses a formula that includes a combination of standard, current, planned, actual, completed, and scrapped costs based on the type of variance. The following table shows the formula for each type of variance:
Type of Variance |
Formula |
---|---|
Engineering |
Standard - Current |
Planned |
Current - Planned |
Actual |
Planned - Actual |
Other |
Standard - (Completed + Scrapped) |