Well, duh! Of course, that makes sense, and that is what was happening,
plus not having it related to the operation.
We have some complicated BOMs which makes it hard to make sure every
single material is accounted for when making these changes. Research
can be a horrible nightmare, but we are cleaning this up slowly.
Writing that report should not be too hard.
Thanks, I think have been experiencing some major brain farts!
M. Manasa Reddy
manasa@...
P: 630-806-2000
F: 630-806-2001
________________________________
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of saab_barracuda
Sent: Tuesday, September 11, 2007 8:19 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Re: Accounting Gurus - MFG-VAR cont
Standard cost is whatever you have setup in the system, either
manually through Cost Adjustment or through a cost roll in Costing
Workbench (for parts with BOM). This is the "best guess" at what the
cost should be.
The PDR shows variance from the BOM estimates FROM THE JOB ENGINEERING
(not the Method). So if you change the method but not the job
engineering, you won't see the changes in the job estimates. These
material variances could come from issue variance (difference in
issued qty vs. required qty) or from costing variance (difference in
transaction cost at the time the part was issued vs. the current
standard cost). Unless you've updated your standard costs in the
middle of the job, you should only be seeing issue varinace on the
PDR. The material summary for jobs can be found in the JobMtl table
or the PartTran if you want to break down to individual transactions.
Note this is completely separate from the purchase price variance.
The PPV is the difference between your invoice cost vs. standard cost.
I don't know any stock report that gives PPV so you have to build it
yourself.
--- In vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com> ,
"Manasa Reddy" <manasa@...> wrote:
Behalf
plus not having it related to the operation.
We have some complicated BOMs which makes it hard to make sure every
single material is accounted for when making these changes. Research
can be a horrible nightmare, but we are cleaning this up slowly.
Writing that report should not be too hard.
Thanks, I think have been experiencing some major brain farts!
M. Manasa Reddy
manasa@...
P: 630-806-2000
F: 630-806-2001
________________________________
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of saab_barracuda
Sent: Tuesday, September 11, 2007 8:19 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Re: Accounting Gurus - MFG-VAR cont
Standard cost is whatever you have setup in the system, either
manually through Cost Adjustment or through a cost roll in Costing
Workbench (for parts with BOM). This is the "best guess" at what the
cost should be.
The PDR shows variance from the BOM estimates FROM THE JOB ENGINEERING
(not the Method). So if you change the method but not the job
engineering, you won't see the changes in the job estimates. These
material variances could come from issue variance (difference in
issued qty vs. required qty) or from costing variance (difference in
transaction cost at the time the part was issued vs. the current
standard cost). Unless you've updated your standard costs in the
middle of the job, you should only be seeing issue varinace on the
PDR. The material summary for jobs can be found in the JobMtl table
or the PartTran if you want to break down to individual transactions.
Note this is completely separate from the purchase price variance.
The PPV is the difference between your invoice cost vs. standard cost.
I don't know any stock report that gives PPV so you have to build it
yourself.
--- In vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com> ,
"Manasa Reddy" <manasa@...> wrote:
>[mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com> ] On
> Which standard would that be? I have been making changes since we went
> live!
>
>
>
>
>
>
>
> M. Manasa Reddy
>
> manasa@...
>
> P: 630-806-2000
>
> F: 630-806-2001
>
> ________________________________
>
> From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
Behalf
> Of shockeydc<mailto:vantage%40yahoogroups.com> ,
> Sent: Monday, September 10, 2007 2:13 PM
> To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> Subject: [Vantage] Re: Accounting Gurus - MFG-VAR cont
>
>
>
> Has there been a change to the BOM since the standard was
> established. The variance is calculated from Standard but I think
> the Production Detail Report use the current BOM and router for the
> estimate.
>
> David Shockey
>
> --- In vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> "Manasa Reddy" <manasa@> wrote:[Non-text portions of this message have been removed]
> >
> > Ok so relating the material to the operation helped a lot! So what
> is
> > left over are top level parts with variances.
> >
> > My labor and burden are always the same, good there. My materials
> are
> > the ones that are off. I understand why, but what is puzzeling is
> that
> > my INV/WIP report shows a credit of $739.78, but the production
> detail
> > report shows a difference of $499.13. Where would I track down the
> > difference between the two?
> >
> > TIA
> >
> > M. Manasa Reddy
> > ERP / Inventory & Procurement Manager
> > Welding Company of America
> > manasa@
> > P: 630-806-2000
> > F: 630-806-2001
> >
> >
> >
> > [Non-text portions of this message have been removed]
> >
>
>
>
>
>
> [Non-text portions of this message have been removed]
>