Understanding Production Variance Transactions
Production variance transactions represent material variances and conversion variances that are incurred on a production ID or schedule when production is closed for accounting. These transaction groups include:
| Transaction Group | Description | Transaction Process | Menu Path |
|---|---|---|---|
|
261 |
Material Variances |
Material variances incurred on a production ID or schedule when production is closed for accounting. |
Cost Accounting, Inventory and Mfg Accounting, Create Accounting Entries, Cost Accounting Creation |
|
262 |
Conversion Variances |
Conversion variances incurred on a production ID or schedule when production is closed for accounting. |
Cost Accounting, Inventory and Mfg Accounting, Create Accounting Entries, Cost Accounting Creation |
|
263 |
Rework Expense |
Variance incurred on a production ID when you repair or rework previously completed assemblies. |
Cost Accounting, Inventory and Mfg Accounting, Create Accounting Entries, Cost Accounting Creation |
|
264 |
Outside Processing PPV |
For standard cost makeable items, this transaction group records the variance between the standard cost and the purchase order price of the subcontracted service. |
Cost Accounting, Inventory and Mfg Accounting, Create Accounting Entries, Cost Accounting Creation |
|
265 |
Teardown Variance |
Variance incurred on a production ID when you break an assembly down into its component parts and return the components to inventory. |
Cost Accounting, Inventory and Mfg Accounting, Create Accounting Entries, Cost Accounting Creation |
|
415 |
RTV Variances |
Records the difference between the inventory value of goods being returned and the amount of the supplier refund recorded in accounts payable. |
Cost Accounting, Inventory and Mfg Accounting, Create Accounting Entries, Cost Accounting Creation |
|
661 |
Actual Cost Variances |
For actual cost makeable items, this transaction group records the variance between the actual cost of the components and the standard cost of the end items. |
Cost Accounting, Inventory and Mfg Accounting, Create Accounting Entries, Cost Accounting Creation |
|
664 |
Subcontract Variance |
For actual cost makeable items, this transaction group records the variance between the purchase order price and the voucher price of the subcontracted service for actual cost components. |
Cost Accounting, Inventory and Mfg Accounting, Create Accounting Entries, Cost Accounting Creation |