Landed Cost With Standard Cost Items
Two standard cost items are marked to use landed cost.
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            Item 1: standard cost = 10 x Quantity = 1 
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            Item 2: standard cost = 12 x Quantity = 1 
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            On a receipt, for each the rate = 13 (total 26). - 
                Inventory Received Not Billed account = (-13 x 2) 
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                Item 1 Asset = 10 
- 
                Item 1 Variance = 3 (13 – 10) 
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                Item 2 Asset = 12 
- 
                Item 2 Variance = 1 (13 – 12) 
 
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For landed cost:
- 
            one item is used (6010 Advertising) 
- 
            entered $5 with allocation method = Quantity 
The $5 is allocated evenly.