Work in Process Events
The following table lists the work in process events and the corresponding accounting entries.
|
Event Type Name |
Accounting Line Type |
Transaction Type |
|---|---|---|
|
Material Issue |
WIP Valuation |
Debit |
|
Material Issue |
Inventory Valuation or Expense * |
Credit |
|
Material Issue |
Expense |
Debit |
|
Material Issue |
Material Overhead Absorption |
Credit |
|
Material Issue |
WIP Valuation |
Debit |
|
Material Issue |
Cost Variance |
Credit |
|
Resource Charging |
WIP Valuation |
Debit |
|
Resource Charging |
Resource Absorption |
Credit |
|
Resource Charge Reversal |
Resource Absorption |
Debit |
|
Resource Charge Reversal |
WIP Valuation |
Credit |
|
Product Completion |
Inventory Valuation or Expense * |
Debit |
|
Product Completion |
WIP Valuation |
Credit |
|
Product Completion |
Expense |
Debit |
|
Product Completion |
Material Overhead Absorption |
Credit |
|
Scrap |
Scrap Expense |
Debit |
|
Scrap |
WIP Valuation |
Credit |
|
Scrap Return |
WIP Valuation |
Debit |
|
Scrap Return |
Scrap Expense |
Credit |
|
Material Return |
Inventory Valuation or Expense * |
Debit |
|
Material Return |
WIP Valuation |
Credit |
|
Material Return |
Expense |
Debit |
|
Material Return |
Material Overhead Absorption |
Credit |
|
Material Return |
WIP Return Price Variance ** |
Debit |
|
Material Return |
WIP Valuation |
Credit |
|
Product Return |
WIP Valuation |
Debit |
|
Product Return |
Inventory Valuation or Expense * |
Credit |
|
Product Return |
Expense |
Debit |
|
Product Return |
Material Overhead Absorption |
Credit |
|
Job Close Variance - Negative |
WIP Valuation |
Debit |
|
Job Close Variance - Negative |
Batch Size Variance |
Credit |
|
Job Close Variance - Negative |
Component Sub Variance |
Credit |
|
Job Close Variance - Negative |
Efficiency Variance |
Credit |
|
Job Close Variance - Negative |
Job Close Variance |
Credit |
|
Job Close Variance - Negative |
Material Rate Variance |
Credit |
|
Job Close Variance - Negative |
Resource Rate Variance |
Credit |
|
Job Close Variance - Negative |
Resource Sub Variance |
Credit |
|
Job Close Variance - Negative |
Usage Variance |
Credit |
|
Job Close Variance - Positive |
Batch Size Variance |
Debit |
|
Job Close Variance - Positive |
Component Sub Variance |
Debit |
|
Job Close Variance - Positive |
Efficiency Variance |
Debit |
|
Job Close Variance - Positive |
Job Close Variance |
Debit |
|
Job Close Variance - Positive |
Material Rate Variance |
Debit |
|
Job Close Variance - Positive |
Resource Rate Variance |
Debit |
|
Job Close Variance - Positive |
Resource Sub Variance |
Debit |
|
Job Close Variance - Positive |
Usage Variance |
Debit |
|
Job Close Variance - Positive |
WIP Valuation |
Credit |