Create a Cost Scenario for Configured Items
You can define the cost scope for cost organization and cost book combinations by using a cost scenario. While planning costs, you can define separate cost scenarios for regular items and configured items.
-
In the Cost Accounting work area, click the Manage Cost Scenarios task.
-
Click on the Add icon.
-
On the Create Cost Scenario page, enter a name for the cost scenario and select the appropriate Cost Organization and Cost Book.
-
Select the Effective Date for the cost scenario.
-
Select Configured items as the Scenario Type.
-
Select the cost rollup scope to identify the items for cost rollup.
If you set the rollup scope as Selected Items or Selected Item Categories, then click the Add icon to search and select the required items from the Select and Add: Items dialog or the Select and Add: Item Categories dialog respectively.
If you set the rollup scope as Where Used, then click the Add icon to search and select the required items and resources from the Select and Add: Items and Resources dialog. Only the configured items that consume the selected items and resources will be considered for cost rollup.
-
If you set the rollup scope as Unprocessed Purchase Orders and Work Orders, you must set the Include Orders From date.
This date determines the purchase orders and work orders that will be considered for cost rollup. Only work orders with a start date on or after the set date and purchase orders with an approval date on or after the set date will be considered for cost rollup. The default date is 30 days prior to the scenario effective date. You can change this date as per your business needs.
-
Select Use Latest Work Definitions to ensure that the Roll Up Costs process checks for the latest work definition changes from Manufacturing.
If not selected, the process uses the work definitions used to calculate the cost of make items in the prior published scenarios, instead of using the latest work definitions that are active on the scenario effective date. This option isn't applicable if the rollup scope is set to Unprocessed Purchase Orders and Work Orders.
-
Click Save and Close.
After you create a cost scenario, you can define the material, resource, and overhead rates in the cost scenario. Then, you can manually run the processes such as Roll up Costs and Update Standard Costs from the cost scenario. Alternatively, you can schedule these processes to run at periodic intervals.
If you want to make changes to the published costs, you can run the Undo Cost Update process after you have published the costs. The costs can be unpublished and changed only if they haven't been used for costing transactions.