Conversion Cost Calculations for Assembled Costs and Fully Exploded Costs Subtabs
The following table contains formulas and criteria based on which the conversion cost for assembled costs and fully exploded items costs subtabs are calculated:
|
Cost Calculation |
Criteria |
Formula |
|---|---|---|
|
Labor Run and Labor Run Overhead |
|
Cost * Labor Resources * (Run Rate/60) * Quantity Per Top Level Assembly * Build Quantity |
|
Labor Setup and Labor setup Overhead |
if (Quantity Per Top Level Assembly < Costing Lot Size) |
Cost * Labor Resources * (Setup Time/60)* (Quantity Per Top Level Assembly/ Costing Lot Size) |
|
Labor Setup and Labor setup Overhead |
if (Quantity Per Top Level Assembly > Costing Lot Size) |
Cost * Labor Resources * (Setup Time/60) |
|
Machine Run and Machine Run Overhead |
|
Cost * Machine Resources * (Run Rate/60) * Quantity Per Top Level Assembly * Build Quantity |
|
Machine Setup and Machine Setup Overhead |
if (Quantity Per Top Level Assembly < Costing Lot Size) |
Cost * Machine Resources * (Setup Time/60)* (Quantity Per Top Level Assembly/ Costing Lot Size) |
|
Machine Setup and Machine Setup Overhead |
if (Quantity Per Top Level Assembly > Costing Lot Size) |
Cost * Machine Resources * (Setup Time/60) |
The following table contains details of where the formula values are retrieved from:
|
Formula Component |
Retrieved From |
|---|---|
|
Cost |
Manufacturing Cost Template page |
|
Labor Resources |
Manufacturing Routing page |
|
Machine Resources |
Manufacturing Routing page |
|
Setup Time |
Manufacturing Routing page |
|
Run Rate |
Manufacturing Routing page |
|
Costing Lot Size |
Item Location Configuration page |
|
Quantity Per Top Level Assembly |
Material Costs subtab in the Costed Bill of Materials page. |
|
Build Quantity |
Data is provided by you in the Costed Bill of Materials page. |
Watch the following help video for cost calculation methods: