Reviewing Inputs to Co-Product and By-Product Costing

Access the Co/By Product Revision form.

To review inputs to co-product and by-product costing:

Review these fields:

Output Quantity

Enter the quantity of finished units that you expect this bill of material or routing to produce. This field enables you to specify varying quantities of components based on the amount of finished goods produced. For example, 1 ounce of solvent is required per unit up to 100 units of finished product. However, if 200 units of finished product are produced, 2 ounces of solvent are required per finished unit. In this example, you would set up batch quantities for 100 and 200 units of finished product specifying the proper amount of solvent per unit.

UM (unit of measure)

Enter a value from UDC 00/UM that indicates the quantity in which to express an inventory item, for example, CS (case) or BX (box).

Feat Cost % (feature cost percent)

Enter a percentage that the Simulate Cost Rollup program uses to calculate the cost of a feature or option item as a percentage of the total cost of the parent. Enter the percentage as a whole number, for example, enter 5 percent as 5.0.

Resource % (resource percent)

Enter a number that indicates what percent of the ingredients should be issued separately to co-products and by-products.

This is used to issue ingredients separately to co-products and by-products at work order completion, rather than a total issue for each ingredient.

For co-products and by-products at the final operation, their resource percent must total 100 percent to issue all ingredients.