Job Costing/Variance Analysis

system · October 14, 2003, 4:45pm

Tricia
The first question is how much did the 6 that shipped cost? You can
find that in the transaction history in part tracker.
Next question. How much did the 90 go into inventory for? all
transaction history
Next question. What is the sign of the variance? I think if you take
too much cost out of a job it is a minus and if you leave parts in a
job it's a plus.

If the job was complete and all the costs were in the cost of sales
for those six should be 94.26 leaving 1413.83 in the job. When you
put the 90 in stock at 19.98 the COS was 1798.20 taking 384.38 more
out of the job than was left.
These figures don't agree with yours. If the 1395.19 is plus then
most likely the 90 went into inventory at no cost and 6 shipped at
113.94 or 18.94 each. If it is minus then 2903.99 was taken out of
the job and I don't have a rational explanation.
Keep in mind that COS for the shipped pieces is calculated when
capture COS is run. The variance is calculated at that time also
against all closed jobs, purging them from WIP.

HTH
RRD

> OK....here's one for my fellow bean-counters!
>
> Trying to figure out how Vantage calculated the variance. Here is the
> scenario....
>
> Job completed 96 pcs. 6 were shipped/billed from the job, balance of
> 90
> went to stock.
>
> Std cost for this item is $19.98. Total cost of job is $1508.08.
> System
> calculated a variance of $1395.19. For the life of me, can't figure
> out how
> it came up with this.
>
> If it makes any difference, the shipped/billed parts were dated prior
> to the
> stocked items.
>
> Appreciate any and all help!
>
> TIA
>
> Tricia Simon, Controller
> Riten Industries, Inc.
>
>

Russ Dover
Chair
Central PA Vantage Users Group
717-336-7507 ext 243 (voice)
717-336-4182 (fax)
717-368-6636 (cell)

system · October 13, 2003, 2:42pm

OK....here's one for my fellow bean-counters!

Trying to figure out how Vantage calculated the variance. Here is the
scenario....

Job completed 96 pcs. 6 were shipped/billed from the job, balance of 90
went to stock.

Std cost for this item is $19.98. Total cost of job is $1508.08. System
calculated a variance of $1395.19. For the life of me, can't figure out how
it came up with this.

If it makes any difference, the shipped/billed parts were dated prior to the
stocked items.

Appreciate any and all help!

TIA

Tricia Simon, Controller
Riten Industries, Inc.

system · October 13, 2003, 2:52pm

Were the parts shipped directly from the job? If so it did not use standard
cost for those 6 parts. It would have taken a percentage from the job. What
ever 6 pcs of the make qty it.

Erica A. Steffens

Business Systems Analyst

Synovis IS/PE/Caribe

-----Original Message-----
From: Tricia Simon [mailto:t.simon@...]
Sent: Monday, October 13, 2003 1:43 PM
To: Vantage One-List (E-mail)
Subject: [Vantage] Job Costing/Variance Analysis

OK....here's one for my fellow bean-counters!

Trying to figure out how Vantage calculated the variance. Here is the
scenario....

Job completed 96 pcs. 6 were shipped/billed from the job, balance of 90
went to stock.

Std cost for this item is $19.98. Total cost of job is $1508.08. System
calculated a variance of $1395.19. For the life of me, can't figure out how
it came up with this.

If it makes any difference, the shipped/billed parts were dated prior to the
stocked items.

Appreciate any and all help!

TIA

Tricia Simon, Controller
Riten Industries, Inc.

Yahoo! Groups Sponsor

ADVERTISEMENT

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system · October 13, 2003, 2:56pm

Erica,

Just for clarification as we were just getting ready to test this scenario...

Even if a part is flagged as a standard cost part if you ship from WIP the cost will go at actual (or a portion of actual), not at standard?

Mike

-----Original Message-----
From: Erica Steffens (IS) [mailto:ESteffens@...]
Sent: Monday, October 13, 2003 11:52 AM
To: 'vantage@yahoogroups.com'
Subject: RE: [Vantage] Job Costing/Variance Analysis

Were the parts shipped directly from the job? If so it did not use standard
cost for those 6 parts. It would have taken a percentage from the job. What
ever 6 pcs of the make qty it.

Erica A. Steffens

Business Systems Analyst

Synovis IS/PE/Caribe

-----Original Message-----
From: Tricia Simon [mailto:t.simon@...]
Sent: Monday, October 13, 2003 1:43 PM
To: Vantage One-List (E-mail)
Subject: [Vantage] Job Costing/Variance Analysis

OK....here's one for my fellow bean-counters!

Trying to figure out how Vantage calculated the variance. Here is the
scenario....

Job completed 96 pcs. 6 were shipped/billed from the job, balance of 90
went to stock.

Std cost for this item is $19.98. Total cost of job is $1508.08. System
calculated a variance of $1395.19. For the life of me, can't figure out how
it came up with this.

If it makes any difference, the shipped/billed parts were dated prior to the
stocked items.

Appreciate any and all help!

TIA

Tricia Simon, Controller
Riten Industries, Inc.

Yahoo! Groups Sponsor

ADVERTISEMENT

< http://rd.yahoo.com/M=244522.3707890.4968055.1261774/D=egroupweb/S=17050071
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system · October 13, 2003, 3:11pm

Mike,

That is correct. The only way to use standard costing is to have all parts
go through inventory. We use standard costing at Synovis and all parts are
received to stock then shipped.

Erica A. Steffens

Business Systems Analyst

Synovis IS/PE/Caribe

-----Original Message-----
From: Mike Lowe [mailto:MLowe@...]
Sent: Monday, October 13, 2003 1:46 PM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Job Costing/Variance Analysis

Erica,

Just for clarification as we were just getting ready to test this
scenario...

Even if a part is flagged as a standard cost part if you ship from WIP the
cost will go at actual (or a portion of actual), not at standard?

Mike

-----Original Message-----
From: Erica Steffens (IS) [mailto:ESteffens@...]
Sent: Monday, October 13, 2003 11:52 AM
To: 'vantage@yahoogroups.com'
Subject: RE: [Vantage] Job Costing/Variance Analysis

Were the parts shipped directly from the job? If so it did not use standard
cost for those 6 parts. It would have taken a percentage from the job. What
ever 6 pcs of the make qty it.

Erica A. Steffens

Business Systems Analyst

Synovis IS/PE/Caribe

-----Original Message-----
From: Tricia Simon [mailto:t.simon@...]
Sent: Monday, October 13, 2003 1:43 PM
To: Vantage One-List (E-mail)
Subject: [Vantage] Job Costing/Variance Analysis

OK....here's one for my fellow bean-counters!

Trying to figure out how Vantage calculated the variance. Here is the
scenario....

Job completed 96 pcs. 6 were shipped/billed from the job, balance of 90
went to stock.

Std cost for this item is $19.98. Total cost of job is $1508.08. System
calculated a variance of $1395.19. For the life of me, can't figure out how
it came up with this.

If it makes any difference, the shipped/billed parts were dated prior to the
stocked items.

Appreciate any and all help!

TIA

Tricia Simon, Controller
Riten Industries, Inc.

Yahoo! Groups Sponsor

ADVERTISEMENT

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http://rd.yahoo.com/M=244522.3707890.4968055.1261774/D=egroupweb/S=17050071
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system · October 13, 2003, 3:30pm

Erica,

Yes, I see that on the Production Detail Report...thanks. However, I still
don't see how it's coming up with a variance of $1395.19. My inital
calculation is as follows:

Total job cost - $1508.08
Less shipment 94.26 (1508.08/96 * 6)
--------
Balance on job $1413.82
Std of $19.98 $1798.20 (19.98 * 90 pcs)
--------
Variance $ 384.38 BIG difference from 1395.19.

Any ideas? I'd be willing to fax the Production Detail Report to you (or
anyone who thinks they have an idea!).

TIA

Tricia

-----Original Message-----
From: Erica Steffens (IS) [mailto:ESteffens@...]
Sent: Monday, October 13, 2003 2:52 PM
To: 'vantage@yahoogroups.com'
Subject: RE: [Vantage] Job Costing/Variance Analysis

Were the parts shipped directly from the job? If so it did not use standard
cost for those 6 parts. It would have taken a percentage from the job. What
ever 6 pcs of the make qty it.

Erica A. Steffens

Business Systems Analyst

Synovis IS/PE/Caribe

-----Original Message-----
From: Tricia Simon [mailto:t.simon@...]
Sent: Monday, October 13, 2003 1:43 PM
To: Vantage One-List (E-mail)
Subject: [Vantage] Job Costing/Variance Analysis

OK....here's one for my fellow bean-counters!

Trying to figure out how Vantage calculated the variance. Here is the
scenario....

Job completed 96 pcs. 6 were shipped/billed from the job, balance of 90
went to stock.

Std cost for this item is $19.98. Total cost of job is $1508.08. System
calculated a variance of $1395.19. For the life of me, can't figure out how
it came up with this.

If it makes any difference, the shipped/billed parts were dated prior to the
stocked items.

Appreciate any and all help!

TIA

Tricia Simon, Controller
Riten Industries, Inc.

Yahoo! Groups Sponsor

ADVERTISEMENT

<http://rd.yahoo.com/M=244522.3707890.4968055.1261774/D=egroupweb/S=17050071
83:HM/A=1595056/R=0/SIG=124p07ne0/*http:/ashnin.com/clk/muryutaitakenattogyo
?YH=3707890&yhad=1595056> Click Here!

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system · October 13, 2003, 3:37pm

Are the qties complete in labor correct -- that affects cost sometimes... if you want to fax it to me I would look ... can't promise anything ... 317/392-5006
Stephanie Geary

Tricia Simon <t.simon@...> wrote:
Erica,

Yes, I see that on the Production Detail Report...thanks. However, I still
don't see how it's coming up with a variance of $1395.19. My inital
calculation is as follows:

Total job cost - $1508.08
Less shipment 94.26 (1508.08/96 * 6)
--------
Balance on job $1413.82
Std of $19.98 $1798.20 (19.98 * 90 pcs)
--------
Variance $ 384.38 BIG difference from 1395.19.

Any ideas? I'd be willing to fax the Production Detail Report to you (or
anyone who thinks they have an idea!).

TIA

Tricia

-----Original Message-----
From: Erica Steffens (IS) [mailto:ESteffens@...]
Sent: Monday, October 13, 2003 2:52 PM
To: 'vantage@yahoogroups.com'
Subject: RE: [Vantage] Job Costing/Variance Analysis

Were the parts shipped directly from the job? If so it did not use standard
cost for those 6 parts. It would have taken a percentage from the job. What
ever 6 pcs of the make qty it.

Erica A. Steffens

Business Systems Analyst

Synovis IS/PE/Caribe

-----Original Message-----
From: Tricia Simon [mailto:t.simon@...]
Sent: Monday, October 13, 2003 1:43 PM
To: Vantage One-List (E-mail)
Subject: [Vantage] Job Costing/Variance Analysis

OK....here's one for my fellow bean-counters!

Trying to figure out how Vantage calculated the variance. Here is the
scenario....

Job completed 96 pcs. 6 were shipped/billed from the job, balance of 90
went to stock.

Std cost for this item is $19.98. Total cost of job is $1508.08. System
calculated a variance of $1395.19. For the life of me, can't figure out how
it came up with this.

If it makes any difference, the shipped/billed parts were dated prior to the
stocked items.

Appreciate any and all help!

TIA

Tricia Simon, Controller
Riten Industries, Inc.

Yahoo! Groups Sponsor

ADVERTISEMENT

83:HM/A=1595056/R=0/SIG=124p07ne0/*http:/ashnin.com/clk/muryutaitakenattogyo
?YH=3707890&yhad=1595056> Click Here!

l/S=:HM/A=1595056/rand=933287098>

Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.

(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages

(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links

Your use of Yahoo! Groups is subject to the Yahoo!
Terms of Service.

[Non-text portions of this message have been removed]

Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/

Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and Crystal Reports and other 'goodies', please goto: http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto: http://groups.yahoo.com/group/vantage/messages
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system · October 13, 2003, 3:38pm

Are there any labor or material transactions dated after the completion
date?

Michael

> -----Original Message-----
> From: Stephanie Geary [mailto:sageary25@...]
> Sent: Monday, October 13, 2003 2:37 PM
> To: vantage@yahoogroups.com
> Subject: RE: [Vantage] Job Costing/Variance Analysis
>
>
> Are the qties complete in labor correct -- that affects cost
> sometimes... if you want to fax it to me I would look ... can't
> promise anything ... 317/392-5006
> Stephanie Geary
>
> Tricia Simon <t.simon@...> wrote:
> Erica,
>
> Yes, I see that on the Production Detail Report...thanks. However, I still
> don't see how it's coming up with a variance of $1395.19. My inital
> calculation is as follows:
>
> Total job cost - $1508.08
> Less shipment 94.26 (1508.08/96 * 6)
> --------
> Balance on job $1413.82
> Std of $19.98 $1798.20 (19.98 * 90 pcs)
> --------
> Variance $ 384.38 BIG difference from 1395.19.
>
> Any ideas? I'd be willing to fax the Production Detail Report to you (or
> anyone who thinks they have an idea!).
>
> TIA
>
> Tricia
>
>
> -----Original Message-----
> From: Erica Steffens (IS) [mailto:ESteffens@...]
> Sent: Monday, October 13, 2003 2:52 PM
> To: 'vantage@yahoogroups.com'
> Subject: RE: [Vantage] Job Costing/Variance Analysis
>
>
> Were the parts shipped directly from the job? If so it did not
> use standard
> cost for those 6 parts. It would have taken a percentage from the
> job. What
> ever 6 pcs of the make qty it.
>
>
>
> Erica A. Steffens
>
> Business Systems Analyst
>
> Synovis IS/PE/Caribe
>
>
>
> -----Original Message-----
> From: Tricia Simon [mailto:t.simon@...]
> Sent: Monday, October 13, 2003 1:43 PM
> To: Vantage One-List (E-mail)
> Subject: [Vantage] Job Costing/Variance Analysis
>
>
>
> OK....here's one for my fellow bean-counters!
>
> Trying to figure out how Vantage calculated the variance. Here is the
> scenario....
>
> Job completed 96 pcs. 6 were shipped/billed from the job, balance of 90
> went to stock.
>
> Std cost for this item is $19.98. Total cost of job is $1508.08. System
> calculated a variance of $1395.19. For the life of me, can't
> figure out how
> it came up with this.
>
> If it makes any difference, the shipped/billed parts were dated
> prior to the
> stocked items.
>
> Appreciate any and all help!
>
> TIA
>
> Tricia Simon, Controller
> Riten Industries, Inc.
>
>
>
>
>
>
> Yahoo! Groups Sponsor
>
>
>
> ADVERTISEMENT
>
> 83:HM/A=1595056/R=0/SIG=124p07ne0/*http:/ashnin.com/clk/muryutaita
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> ?YH=3707890&yhad=1595056> Click Here!
>
>
>
> l/S=:HM/A=1595056/rand=933287098>
>
>
> Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
> already linked your email address to a yahoo id to enable access. )
> (1) To access the Files Section of our Yahoo!Group for Report Builder and
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>
> (2) To search through old msg's goto:
> http://groups.yahoo.com/group/vantage/messages
>
> (3) To view links to Vendors that provide Vantage services goto:
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>
> Your use of Yahoo! Groups is subject to the Yahoo!
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>
> [Non-text portions of this message have been removed]
>
>
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> Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
> already linked your email address to a yahoo id to enable access. )
> (1) To access the Files Section of our Yahoo!Group for Report Builder and
> Crystal Reports and other 'goodies', please goto:
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> (2) To search through old msg's goto:
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> http://groups.yahoo.com/group/vantage/links
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
>
>
> Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
> must have already linked your email address to a yahoo id to
> enable access. )
> (1) To access the Files Section of our Yahoo!Group for Report
> Builder and Crystal Reports and other 'goodies', please goto:
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> (2) To search through old msg's goto:
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> ---------------------------------
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> [Non-text portions of this message have been removed]
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> Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
> must have already linked your email address to a yahoo id to
> enable access. )
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> Builder and Crystal Reports and other 'goodies', please goto:
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>

system · October 13, 2003, 3:39pm

You could also look at part tracker to see exactly what Vantage took to COS for the pcs that shipped from manufactuing and the amount it took to stock for the parts posted....

Tricia Simon <t.simon@...> wrote:Erica,

Yes, I see that on the Production Detail Report...thanks. However, I still
don't see how it's coming up with a variance of $1395.19. My inital
calculation is as follows:

Total job cost - $1508.08
Less shipment 94.26 (1508.08/96 * 6)
--------
Balance on job $1413.82
Std of $19.98 $1798.20 (19.98 * 90 pcs)
--------
Variance $ 384.38 BIG difference from 1395.19.

Any ideas? I'd be willing to fax the Production Detail Report to you (or
anyone who thinks they have an idea!).

TIA

Tricia

-----Original Message-----
From: Erica Steffens (IS) [mailto:ESteffens@...]
Sent: Monday, October 13, 2003 2:52 PM
To: 'vantage@yahoogroups.com'
Subject: RE: [Vantage] Job Costing/Variance Analysis

Were the parts shipped directly from the job? If so it did not use standard
cost for those 6 parts. It would have taken a percentage from the job. What
ever 6 pcs of the make qty it.

Erica A. Steffens

Business Systems Analyst

Synovis IS/PE/Caribe

-----Original Message-----
From: Tricia Simon [mailto:t.simon@...]
Sent: Monday, October 13, 2003 1:43 PM
To: Vantage One-List (E-mail)
Subject: [Vantage] Job Costing/Variance Analysis

OK....here's one for my fellow bean-counters!

Trying to figure out how Vantage calculated the variance. Here is the
scenario....

Job completed 96 pcs. 6 were shipped/billed from the job, balance of 90
went to stock.

Std cost for this item is $19.98. Total cost of job is $1508.08. System
calculated a variance of $1395.19. For the life of me, can't figure out how
it came up with this.

If it makes any difference, the shipped/billed parts were dated prior to the
stocked items.

Appreciate any and all help!

TIA

Tricia Simon, Controller
Riten Industries, Inc.

Yahoo! Groups Sponsor

ADVERTISEMENT

83:HM/A=1595056/R=0/SIG=124p07ne0/*http:/ashnin.com/clk/muryutaitakenattogyo
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Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
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Terms of Service.

[Non-text portions of this message have been removed]

Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
already linked your email address to a yahoo id to enable access. )
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(2) To search through old msg's goto:
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http://groups.yahoo.com/group/vantage/links

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/

Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and Crystal Reports and other 'goodies', please goto: http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto: http://groups.yahoo.com/group/vantage/messages
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---------------------------------
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[Non-text portions of this message have been removed]

system · October 13, 2003, 3:41pm

Erica,

You mention that you receive all parts to stock before shipping...

We currently ship everything directly from the job (WIP) but are
considering going to a FG system where I would recieve everything into
stock and ship from stock (rather than the job). Right now we ship
around 500 jobs complete per month (so I would have to review and
receive 500 jobs into stock each month).

Am I crazy for thinking about doing this or does Vantage do a good job
accurately computing costs and variances?

Any suggestions/info is appreciated.

Thanks,

Kelly Wendorff

--- In vantage@yahoogroups.com, "Tricia Simon" <t.simon@r...> wrote:
> Erica,
>
> Yes, I see that on the Production Detail Report...thanks. However,
I still
> don't see how it's coming up with a variance of $1395.19. My inital
> calculation is as follows:
>
> Total job cost - $1508.08
> Less shipment 94.26 (1508.08/96 * 6)
> --------
> Balance on job $1413.82
> Std of $19.98 $1798.20 (19.98 * 90 pcs)
> --------
> Variance $ 384.38 BIG difference from 1395.19.
>
> Any ideas? I'd be willing to fax the Production Detail Report to
you (or
> anyone who thinks they have an idea!).
>
> TIA
>
> Tricia
>
>
> -----Original Message-----
> From: Erica Steffens (IS) [mailto:ESteffens@s...]
> Sent: Monday, October 13, 2003 2:52 PM
> To: 'vantage@yahoogroups.com'
> Subject: RE: [Vantage] Job Costing/Variance Analysis
>
>
> Were the parts shipped directly from the job? If so it did not use
standard
> cost for those 6 parts. It would have taken a percentage from the
job. What
> ever 6 pcs of the make qty it.
>
>
>
> Erica A. Steffens
>
> Business Systems Analyst
>
> Synovis IS/PE/Caribe
>
>
>
> -----Original Message-----
> From: Tricia Simon [mailto:t.simon@r...]
> Sent: Monday, October 13, 2003 1:43 PM
> To: Vantage One-List (E-mail)
> Subject: [Vantage] Job Costing/Variance Analysis
>
>
>
> OK....here's one for my fellow bean-counters!
>
> Trying to figure out how Vantage calculated the variance. Here is
the
> scenario....
>
> Job completed 96 pcs. 6 were shipped/billed from the job, balance
of 90
> went to stock.
>
> Std cost for this item is $19.98. Total cost of job is $1508.08.
System
> calculated a variance of $1395.19. For the life of me, can't figure
out how
> it came up with this.
>
> If it makes any difference, the shipped/billed parts were dated
prior to the
> stocked items.
>
> Appreciate any and all help!
>
> TIA
>
> Tricia Simon, Controller
> Riten Industries, Inc.
>
>
>
>
>
>
> Yahoo! Groups Sponsor
>
>
>
> ADVERTISEMENT
>
> <http://rd.yahoo.com/M=244522.3707890.4968055.
1261774/D=egroupweb/S=17050071
> 83:HM/A=1595056/R=0/SIG=124p07ne0/*http:/ashnin.
com/clk/muryutaitakenattogyo
> ?YH=3707890&yhad=1595056> Click Here!
>
>
>
> <http://us.adserver.yahoo.com/l?M=244522.3707890.4968055.
1261774/D=egroupmai
> l/S=:HM/A=1595056/rand=933287098>
>
>
> Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
must have
> already linked your email address to a yahoo id to enable access. )
> (1) To access the Files Section of our Yahoo!Group for Report
Builder and
> Crystal Reports and other 'goodies', please goto:
> http://groups.yahoo.com/group/vantage/files/.
> <http://groups.yahoo.com/group/vantage/files/>
> (2) To search through old msg's goto:
> http://groups.yahoo.com/group/vantage/messages
> <http://groups.yahoo.com/group/vantage/messages>
> (3) To view links to Vendors that provide Vantage services goto:
> http://groups.yahoo.com/group/vantage/links
> <http://groups.yahoo.com/group/vantage/links>
>
> Your use of Yahoo! Groups is subject to the Yahoo!
> <http://docs.yahoo.com/info/terms/> Terms of Service.
>
>
>
> [Non-text portions of this message have been removed]
>
>
>
> Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
must have
> already linked your email address to a yahoo id to enable access. )
> (1) To access the Files Section of our Yahoo!Group for Report
Builder and
> Crystal Reports and other 'goodies', please goto:
> http://groups.yahoo.com/group/vantage/files/.
> (2) To search through old msg's goto:
> http://groups.yahoo.com/group/vantage/messages
> (3) To view links to Vendors that provide Vantage services goto:
> http://groups.yahoo.com/group/vantage/links
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo
com/info/terms/

system · October 13, 2003, 3:47pm

No. ;(

Tricia

-----Original Message-----
From: Michael Benedict [mailto:mbenedict@...]
Sent: Monday, October 13, 2003 3:38 PM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Job Costing/Variance Analysis

Are there any labor or material transactions dated after the completion
date?

Michael

> -----Original Message-----
> From: Stephanie Geary [mailto:sageary25@...]
> Sent: Monday, October 13, 2003 2:37 PM
> To: vantage@yahoogroups.com
> Subject: RE: [Vantage] Job Costing/Variance Analysis
>
>
> Are the qties complete in labor correct -- that affects cost
> sometimes... if you want to fax it to me I would look ... can't
> promise anything ... 317/392-5006
> Stephanie Geary
>
> Tricia Simon <t.simon@...> wrote:
> Erica,
>
> Yes, I see that on the Production Detail Report...thanks. However, I still
> don't see how it's coming up with a variance of $1395.19. My inital
> calculation is as follows:
>
> Total job cost - $1508.08
> Less shipment 94.26 (1508.08/96 * 6)
> --------
> Balance on job $1413.82
> Std of $19.98 $1798.20 (19.98 * 90 pcs)
> --------
> Variance $ 384.38 BIG difference from 1395.19.
>
> Any ideas? I'd be willing to fax the Production Detail Report to you (or
> anyone who thinks they have an idea!).
>
> TIA
>
> Tricia
>
>
> -----Original Message-----
> From: Erica Steffens (IS) [mailto:ESteffens@...]
> Sent: Monday, October 13, 2003 2:52 PM
> To: 'vantage@yahoogroups.com'
> Subject: RE: [Vantage] Job Costing/Variance Analysis
>
>
> Were the parts shipped directly from the job? If so it did not
> use standard
> cost for those 6 parts. It would have taken a percentage from the
> job. What
> ever 6 pcs of the make qty it.
>
>
>
> Erica A. Steffens
>
> Business Systems Analyst
>
> Synovis IS/PE/Caribe
>
>
>
> -----Original Message-----
> From: Tricia Simon [mailto:t.simon@...]
> Sent: Monday, October 13, 2003 1:43 PM
> To: Vantage One-List (E-mail)
> Subject: [Vantage] Job Costing/Variance Analysis
>
>
>
> OK....here's one for my fellow bean-counters!
>
> Trying to figure out how Vantage calculated the variance. Here is the
> scenario....
>
> Job completed 96 pcs. 6 were shipped/billed from the job, balance of 90
> went to stock.
>
> Std cost for this item is $19.98. Total cost of job is $1508.08. System
> calculated a variance of $1395.19. For the life of me, can't
> figure out how
> it came up with this.
>
> If it makes any difference, the shipped/billed parts were dated
> prior to the
> stocked items.
>
> Appreciate any and all help!
>
> TIA
>
> Tricia Simon, Controller
> Riten Industries, Inc.
>
>
>
>
>
>
> Yahoo! Groups Sponsor
>
>
>
> ADVERTISEMENT
>
> 83:HM/A=1595056/R=0/SIG=124p07ne0/*http:/ashnin.com/clk/muryutaita
> kenattogyo
> ?YH=3707890&yhad=1595056> Click Here!
>
>
>
> l/S=:HM/A=1595056/rand=933287098>
>
>
> Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
> already linked your email address to a yahoo id to enable access. )
> (1) To access the Files Section of our Yahoo!Group for Report Builder and
> Crystal Reports and other 'goodies', please goto:
> http://groups.yahoo.com/group/vantage/files/.
>
> (2) To search through old msg's goto:
> http://groups.yahoo.com/group/vantage/messages
>
> (3) To view links to Vendors that provide Vantage services goto:
> http://groups.yahoo.com/group/vantage/links
>
>
> Your use of Yahoo! Groups is subject to the Yahoo!
> Terms of Service.
>
>
>
> [Non-text portions of this message have been removed]
>
>
>
> Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
> already linked your email address to a yahoo id to enable access. )
> (1) To access the Files Section of our Yahoo!Group for Report Builder and
> Crystal Reports and other 'goodies', please goto:
> http://groups.yahoo.com/group/vantage/files/.
> (2) To search through old msg's goto:
> http://groups.yahoo.com/group/vantage/messages
> (3) To view links to Vendors that provide Vantage services goto:
> http://groups.yahoo.com/group/vantage/links
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
>
>
> Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
> must have already linked your email address to a yahoo id to
> enable access. )
> (1) To access the Files Section of our Yahoo!Group for Report
> Builder and Crystal Reports and other 'goodies', please goto:
> http://groups.yahoo.com/group/vantage/files/.
> (2) To search through old msg's goto:
> http://groups.yahoo.com/group/vantage/messages
> (3) To view links to Vendors that provide Vantage services goto:
> http://groups.yahoo.com/group/vantage/links
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
>
>
>
> ---------------------------------
> Do you Yahoo!?
> The New Yahoo! Shopping - with improved product search
>
> [Non-text portions of this message have been removed]
>
>
>
> Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
> must have already linked your email address to a yahoo id to
> enable access. )
> (1) To access the Files Section of our Yahoo!Group for Report
> Builder and Crystal Reports and other 'goodies', please goto:
> http://groups.yahoo.com/group/vantage/files/.
> (2) To search through old msg's goto:
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> (3) To view links to Vendors that provide Vantage services goto:
> http://groups.yahoo.com/group/vantage/links
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
>

Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/

system · October 13, 2003, 3:50pm

I second the quantity per operation point made earlier. If I remember
correctly, Vantage calculates total cost by summing the unit price of
each pperation (total cost of operation / number of pieces completed).
If your completion qty is off on one of your operations, that will
affect your unit costs...

--- In vantage@yahoogroups.com, "Tricia Simon" <t.simon@r...> wrote:
> No. ;(
>
> Tricia
>
>
> -----Original Message-----
> From: Michael Benedict [mailto:mbenedict@c...]
> Sent: Monday, October 13, 2003 3:38 PM
> To: vantage@yahoogroups.com
> Subject: RE: [Vantage] Job Costing/Variance Analysis
>
>
> Are there any labor or material transactions dated after the
completion
> date?
>
> Michael
>
>
> > -----Original Message-----
> > From: Stephanie Geary [mailto:sageary25@y...]
> > Sent: Monday, October 13, 2003 2:37 PM
> > To: vantage@yahoogroups.com
> > Subject: RE: [Vantage] Job Costing/Variance Analysis
> >
> >
> > Are the qties complete in labor correct -- that affects cost
> > sometimes... if you want to fax it to me I would look ... can't
> > promise anything ... 317/392-5006
> > Stephanie Geary
> >
> > Tricia Simon <t.simon@r...> wrote:
> > Erica,
> >
> > Yes, I see that on the Production Detail Report...thanks. However,
I still
> > don't see how it's coming up with a variance of $1395.19. My
inital
> > calculation is as follows:
> >
> > Total job cost - $1508.08
> > Less shipment 94.26 (1508.08/96 * 6)
> > --------
> > Balance on job $1413.82
> > Std of $19.98 $1798.20 (19.98 * 90 pcs)
> > --------
> > Variance $ 384.38 BIG difference from 1395.19.
> >
> > Any ideas? I'd be willing to fax the Production Detail Report to
you (or
> > anyone who thinks they have an idea!).
> >
> > TIA
> >
> > Tricia
> >
> >
> > -----Original Message-----
> > From: Erica Steffens (IS) [mailto:ESteffens@s...]
> > Sent: Monday, October 13, 2003 2:52 PM
> > To: 'vantage@yahoogroups.com'
> > Subject: RE: [Vantage] Job Costing/Variance Analysis
> >
> >
> > Were the parts shipped directly from the job? If so it did not
> > use standard
> > cost for those 6 parts. It would have taken a percentage from the
> > job. What
> > ever 6 pcs of the make qty it.
> >
> >
> >
> > Erica A. Steffens
> >
> > Business Systems Analyst
> >
> > Synovis IS/PE/Caribe
> >
> >
> >
> > -----Original Message-----
> > From: Tricia Simon [mailto:t.simon@r...]
> > Sent: Monday, October 13, 2003 1:43 PM
> > To: Vantage One-List (E-mail)
> > Subject: [Vantage] Job Costing/Variance Analysis
> >
> >
> >
> > OK....here's one for my fellow bean-counters!
> >
> > Trying to figure out how Vantage calculated the variance. Here is
the
> > scenario....
> >
> > Job completed 96 pcs. 6 were shipped/billed from the job, balance
of 90
> > went to stock.
> >
> > Std cost for this item is $19.98. Total cost of job is $1508.08.
System
> > calculated a variance of $1395.19. For the life of me, can't
> > figure out how
> > it came up with this.
> >
> > If it makes any difference, the shipped/billed parts were dated
> > prior to the
> > stocked items.
> >
> > Appreciate any and all help!
> >
> > TIA
> >
> > Tricia Simon, Controller
> > Riten Industries, Inc.
> >
> >
> >
> >
> >
> >
> > Yahoo! Groups Sponsor
> >
> >
> >
> > ADVERTISEMENT
> >
> > 83:HM/A=1595056/R=0/SIG=124p07ne0/*http:/ashnin.com/clk/muryutaita
> > kenattogyo
> > ?YH=3707890&yhad=1595056> Click Here!
> >
> >
> >
> > l/S=:HM/A=1595056/rand=933287098>
> >
> >
> > Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
must have
> > already linked your email address to a yahoo id to enable access.
)
> > (1) To access the Files Section of our Yahoo!Group for Report
Builder and
> > Crystal Reports and other 'goodies', please goto:
> > http://groups.yahoo.com/group/vantage/files/.
> >
> > (2) To search through old msg's goto:
> > http://groups.yahoo.com/group/vantage/messages
> >
> > (3) To view links to Vendors that provide Vantage services goto:
> > http://groups.yahoo.com/group/vantage/links
> >
> >
> > Your use of Yahoo! Groups is subject to the Yahoo!
> > Terms of Service.
> >
> >
> >
> > [Non-text portions of this message have been removed]
> >
> >
> >
> > Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
must have
> > already linked your email address to a yahoo id to enable access.
)
> > (1) To access the Files Section of our Yahoo!Group for Report
Builder and
> > Crystal Reports and other 'goodies', please goto:
> > http://groups.yahoo.com/group/vantage/files/.
> > (2) To search through old msg's goto:
> > http://groups.yahoo.com/group/vantage/messages
> > (3) To view links to Vendors that provide Vantage services goto:
> > http://groups.yahoo.com/group/vantage/links
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo
com/info/terms/
> >
> >
> >
> >
> > Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
> > must have already linked your email address to a yahoo id to
> > enable access. )
> > (1) To access the Files Section of our Yahoo!Group for Report
> > Builder and Crystal Reports and other 'goodies', please goto:
> > http://groups.yahoo.com/group/vantage/files/.
> > (2) To search through old msg's goto:
> > http://groups.yahoo.com/group/vantage/messages
> > (3) To view links to Vendors that provide Vantage services goto:
> > http://groups.yahoo.com/group/vantage/links
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo
com/info/terms/
> >
> >
> >
> >
> >
> > ---------------------------------
> > Do you Yahoo!?
> > The New Yahoo! Shopping - with improved product search
> >
> > [Non-text portions of this message have been removed]
> >
> >
> >
> > Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
> > must have already linked your email address to a yahoo id to
> > enable access. )
> > (1) To access the Files Section of our Yahoo!Group for Report
> > Builder and Crystal Reports and other 'goodies', please goto:
> > http://groups.yahoo.com/group/vantage/files/.
> > (2) To search through old msg's goto:
> > http://groups.yahoo.com/group/vantage/messages
> > (3) To view links to Vendors that provide Vantage services goto:
> > http://groups.yahoo.com/group/vantage/links
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo
com/info/terms/
> >
> >
> >
>
>
>
> Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
must have
> already linked your email address to a yahoo id to enable access. )
> (1) To access the Files Section of our Yahoo!Group for Report
Builder and
> Crystal Reports and other 'goodies', please goto:
> http://groups.yahoo.com/group/vantage/files/.
> (2) To search through old msg's goto:
> http://groups.yahoo.com/group/vantage/messages
> (3) To view links to Vendors that provide Vantage services goto:
> http://groups.yahoo.com/group/vantage/links
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo
com/info/terms/

system · October 13, 2003, 3:56pm

Unfortunately, the only costs on this job are material and subcontracting.
;(

TIA

Tricia

-----Original Message-----
From: wendorff1 [mailto:kelly.wendorff@...]
Sent: Monday, October 13, 2003 3:50 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Re: Job Costing/Variance Analysis

I second the quantity per operation point made earlier. If I remember
correctly, Vantage calculates total cost by summing the unit price of
each pperation (total cost of operation / number of pieces completed).
If your completion qty is off on one of your operations, that will
affect your unit costs...

--- In vantage@yahoogroups.com, "Tricia Simon" <t.simon@r...> wrote:
> No. ;(
>
> Tricia
>
>
> -----Original Message-----
> From: Michael Benedict [mailto:mbenedict@c...]
> Sent: Monday, October 13, 2003 3:38 PM
> To: vantage@yahoogroups.com
> Subject: RE: [Vantage] Job Costing/Variance Analysis
>
>
> Are there any labor or material transactions dated after the
completion
> date?
>
> Michael
>
>
> > -----Original Message-----
> > From: Stephanie Geary [mailto:sageary25@y...]
> > Sent: Monday, October 13, 2003 2:37 PM
> > To: vantage@yahoogroups.com
> > Subject: RE: [Vantage] Job Costing/Variance Analysis
> >
> >
> > Are the qties complete in labor correct -- that affects cost
> > sometimes... if you want to fax it to me I would look ... can't
> > promise anything ... 317/392-5006
> > Stephanie Geary
> >
> > Tricia Simon <t.simon@r...> wrote:
> > Erica,
> >
> > Yes, I see that on the Production Detail Report...thanks. However,
I still
> > don't see how it's coming up with a variance of $1395.19. My
inital
> > calculation is as follows:
> >
> > Total job cost - $1508.08
> > Less shipment 94.26 (1508.08/96 * 6)
> > --------
> > Balance on job $1413.82
> > Std of $19.98 $1798.20 (19.98 * 90 pcs)
> > --------
> > Variance $ 384.38 BIG difference from 1395.19.
> >
> > Any ideas? I'd be willing to fax the Production Detail Report to
you (or
> > anyone who thinks they have an idea!).
> >
> > TIA
> >
> > Tricia
> >
> >
> > -----Original Message-----
> > From: Erica Steffens (IS) [mailto:ESteffens@s...]
> > Sent: Monday, October 13, 2003 2:52 PM
> > To: 'vantage@yahoogroups.com'
> > Subject: RE: [Vantage] Job Costing/Variance Analysis
> >
> >
> > Were the parts shipped directly from the job? If so it did not
> > use standard
> > cost for those 6 parts. It would have taken a percentage from the
> > job. What
> > ever 6 pcs of the make qty it.
> >
> >
> >
> > Erica A. Steffens
> >
> > Business Systems Analyst
> >
> > Synovis IS/PE/Caribe
> >
> >
> >
> > -----Original Message-----
> > From: Tricia Simon [mailto:t.simon@r...]
> > Sent: Monday, October 13, 2003 1:43 PM
> > To: Vantage One-List (E-mail)
> > Subject: [Vantage] Job Costing/Variance Analysis
> >
> >
> >
> > OK....here's one for my fellow bean-counters!
> >
> > Trying to figure out how Vantage calculated the variance. Here is
the
> > scenario....
> >
> > Job completed 96 pcs. 6 were shipped/billed from the job, balance
of 90
> > went to stock.
> >
> > Std cost for this item is $19.98. Total cost of job is $1508.08.
System
> > calculated a variance of $1395.19. For the life of me, can't
> > figure out how
> > it came up with this.
> >
> > If it makes any difference, the shipped/billed parts were dated
> > prior to the
> > stocked items.
> >
> > Appreciate any and all help!
> >
> > TIA
> >
> > Tricia Simon, Controller
> > Riten Industries, Inc.
> >
> >
> >
> >
> >
> >
> > Yahoo! Groups Sponsor
> >
> >
> >
> > ADVERTISEMENT
> >
> > 83:HM/A=1595056/R=0/SIG=124p07ne0/*http:/ashnin.com/clk/muryutaita
> > kenattogyo
> > ?YH=3707890&yhad=1595056> Click Here!
> >
> >
> >
> > l/S=:HM/A=1595056/rand=933287098>
> >
> >
> > Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
must have
> > already linked your email address to a yahoo id to enable access.
)
> > (1) To access the Files Section of our Yahoo!Group for Report
Builder and
> > Crystal Reports and other 'goodies', please goto:
> > http://groups.yahoo.com/group/vantage/files/.
> >
> > (2) To search through old msg's goto:
> > http://groups.yahoo.com/group/vantage/messages
> >
> > (3) To view links to Vendors that provide Vantage services goto:
> > http://groups.yahoo.com/group/vantage/links
> >
> >
> > Your use of Yahoo! Groups is subject to the Yahoo!
> > Terms of Service.
> >
> >
> >
> > [Non-text portions of this message have been removed]
> >
> >
> >
> > Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
must have
> > already linked your email address to a yahoo id to enable access.
)
> > (1) To access the Files Section of our Yahoo!Group for Report
Builder and
> > Crystal Reports and other 'goodies', please goto:
> > http://groups.yahoo.com/group/vantage/files/.
> > (2) To search through old msg's goto:
> > http://groups.yahoo.com/group/vantage/messages
> > (3) To view links to Vendors that provide Vantage services goto:
> > http://groups.yahoo.com/group/vantage/links
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo
com/info/terms/
> >
> >
> >
> >
> > Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
> > must have already linked your email address to a yahoo id to
> > enable access. )
> > (1) To access the Files Section of our Yahoo!Group for Report
> > Builder and Crystal Reports and other 'goodies', please goto:
> > http://groups.yahoo.com/group/vantage/files/.
> > (2) To search through old msg's goto:
> > http://groups.yahoo.com/group/vantage/messages
> > (3) To view links to Vendors that provide Vantage services goto:
> > http://groups.yahoo.com/group/vantage/links
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo
com/info/terms/
> >
> >
> >
> >
> >
> > ---------------------------------
> > Do you Yahoo!?
> > The New Yahoo! Shopping - with improved product search
> >
> > [Non-text portions of this message have been removed]
> >
> >
> >
> > Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
> > must have already linked your email address to a yahoo id to
> > enable access. )
> > (1) To access the Files Section of our Yahoo!Group for Report
> > Builder and Crystal Reports and other 'goodies', please goto:
> > http://groups.yahoo.com/group/vantage/files/.
> > (2) To search through old msg's goto:
> > http://groups.yahoo.com/group/vantage/messages
> > (3) To view links to Vendors that provide Vantage services goto:
> > http://groups.yahoo.com/group/vantage/links
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo
com/info/terms/
> >
> >
> >
>
>
>
> Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
must have
> already linked your email address to a yahoo id to enable access. )
> (1) To access the Files Section of our Yahoo!Group for Report
Builder and
> Crystal Reports and other 'goodies', please goto:
> http://groups.yahoo.com/group/vantage/files/.
> (2) To search through old msg's goto:
> http://groups.yahoo.com/group/vantage/messages
> (3) To view links to Vendors that provide Vantage services goto:
> http://groups.yahoo.com/group/vantage/links
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo
com/info/terms/

Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/

system · October 13, 2003, 4:16pm

Ahhh.....

Did you ship the items before the receipt of the invoice from the
subcontract?

Did you put a known or estimated figure in the P/O to subcontractor or leave
at zero?

RG
-----Original Message-----
From: Tricia Simon [mailto:t.simon@...]
Sent: Monday, October 13, 2003 3:57 PM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Re: Job Costing/Variance Analysis

Unfortunately, the only costs on this job are material and subcontracting.
;(

TIA

Tricia

-----Original Message-----
From: wendorff1 [mailto:kelly.wendorff@...]
Sent: Monday, October 13, 2003 3:50 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Re: Job Costing/Variance Analysis

I second the quantity per operation point made earlier. If I remember
correctly, Vantage calculates total cost by summing the unit price of
each pperation (total cost of operation / number of pieces completed).
If your completion qty is off on one of your operations, that will
affect your unit costs...

--- In vantage@yahoogroups.com, "Tricia Simon" <t.simon@r...> wrote:
> No. ;(
>
> Tricia
>
>
> -----Original Message-----
> From: Michael Benedict [mailto:mbenedict@c...]
> Sent: Monday, October 13, 2003 3:38 PM
> To: vantage@yahoogroups.com
> Subject: RE: [Vantage] Job Costing/Variance Analysis
>
>
> Are there any labor or material transactions dated after the
completion
> date?
>
> Michael
>
>
> > -----Original Message-----
> > From: Stephanie Geary [mailto:sageary25@y...]
> > Sent: Monday, October 13, 2003 2:37 PM
> > To: vantage@yahoogroups.com
> > Subject: RE: [Vantage] Job Costing/Variance Analysis
> >
> >
> > Are the qties complete in labor correct -- that affects cost
> > sometimes... if you want to fax it to me I would look ... can't
> > promise anything ... 317/392-5006
> > Stephanie Geary
> >
> > Tricia Simon <t.simon@r...> wrote:
> > Erica,
> >
> > Yes, I see that on the Production Detail Report...thanks. However,
I still
> > don't see how it's coming up with a variance of $1395.19. My
inital
> > calculation is as follows:
> >
> > Total job cost - $1508.08
> > Less shipment 94.26 (1508.08/96 * 6)
> > --------
> > Balance on job $1413.82
> > Std of $19.98 $1798.20 (19.98 * 90 pcs)
> > --------
> > Variance $ 384.38 BIG difference from 1395.19.
> >
> > Any ideas? I'd be willing to fax the Production Detail Report to
you (or
> > anyone who thinks they have an idea!).
> >
> > TIA
> >
> > Tricia
> >
> >
> > -----Original Message-----
> > From: Erica Steffens (IS) [mailto:ESteffens@s...]
> > Sent: Monday, October 13, 2003 2:52 PM
> > To: 'vantage@yahoogroups.com'
> > Subject: RE: [Vantage] Job Costing/Variance Analysis
> >
> >
> > Were the parts shipped directly from the job? If so it did not
> > use standard
> > cost for those 6 parts. It would have taken a percentage from the
> > job. What
> > ever 6 pcs of the make qty it.
> >
> >
> >
> > Erica A. Steffens
> >
> > Business Systems Analyst
> >
> > Synovis IS/PE/Caribe
> >
> >
> >
> > -----Original Message-----
> > From: Tricia Simon [mailto:t.simon@r...]
> > Sent: Monday, October 13, 2003 1:43 PM
> > To: Vantage One-List (E-mail)
> > Subject: [Vantage] Job Costing/Variance Analysis
> >
> >
> >
> > OK....here's one for my fellow bean-counters!
> >
> > Trying to figure out how Vantage calculated the variance. Here is
the
> > scenario....
> >
> > Job completed 96 pcs. 6 were shipped/billed from the job, balance
of 90
> > went to stock.
> >
> > Std cost for this item is $19.98. Total cost of job is $1508.08.
System
> > calculated a variance of $1395.19. For the life of me, can't
> > figure out how
> > it came up with this.
> >
> > If it makes any difference, the shipped/billed parts were dated
> > prior to the
> > stocked items.
> >
> > Appreciate any and all help!
> >
> > TIA
> >
> > Tricia Simon, Controller
> > Riten Industries, Inc.
> >
> >
> >
> >
> >
> >
> > Yahoo! Groups Sponsor
> >
> >
> >
> > ADVERTISEMENT
> >
> > 83:HM/A=1595056/R=0/SIG=124p07ne0/*http:/ashnin.com/clk/muryutaita
> > kenattogyo
> > ?YH=3707890&yhad=1595056> Click Here!
> >
> >
> >
> > l/S=:HM/A=1595056/rand=933287098>
> >
> >
> > Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
must have
> > already linked your email address to a yahoo id to enable access.
)
> > (1) To access the Files Section of our Yahoo!Group for Report
Builder and
> > Crystal Reports and other 'goodies', please goto:
> > http://groups.yahoo.com/group/vantage/files/.
> >
> > (2) To search through old msg's goto:
> > http://groups.yahoo.com/group/vantage/messages
> >
> > (3) To view links to Vendors that provide Vantage services goto:
> > http://groups.yahoo.com/group/vantage/links
> >
> >
> > Your use of Yahoo! Groups is subject to the Yahoo!
> > Terms of Service.
> >
> >
> >
> > [Non-text portions of this message have been removed]
> >
> >
> >
> > Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
must have
> > already linked your email address to a yahoo id to enable access.
)
> > (1) To access the Files Section of our Yahoo!Group for Report
Builder and
> > Crystal Reports and other 'goodies', please goto:
> > http://groups.yahoo.com/group/vantage/files/.
> > (2) To search through old msg's goto:
> > http://groups.yahoo.com/group/vantage/messages
> > (3) To view links to Vendors that provide Vantage services goto:
> > http://groups.yahoo.com/group/vantage/links
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo
com/info/terms/
> >
> >
> >
> >
> > Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
> > must have already linked your email address to a yahoo id to
> > enable access. )
> > (1) To access the Files Section of our Yahoo!Group for Report
> > Builder and Crystal Reports and other 'goodies', please goto:
> > http://groups.yahoo.com/group/vantage/files/.
> > (2) To search through old msg's goto:
> > http://groups.yahoo.com/group/vantage/messages
> > (3) To view links to Vendors that provide Vantage services goto:
> > http://groups.yahoo.com/group/vantage/links
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo
com/info/terms/
> >
> >
> >
> >
> >
> > ---------------------------------
> > Do you Yahoo!?
> > The New Yahoo! Shopping - with improved product search
> >
> > [Non-text portions of this message have been removed]
> >
> >
> >
> > Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
> > must have already linked your email address to a yahoo id to
> > enable access. )
> > (1) To access the Files Section of our Yahoo!Group for Report
> > Builder and Crystal Reports and other 'goodies', please goto:
> > http://groups.yahoo.com/group/vantage/files/.
> > (2) To search through old msg's goto:
> > http://groups.yahoo.com/group/vantage/messages
> > (3) To view links to Vendors that provide Vantage services goto:
> > http://groups.yahoo.com/group/vantage/links
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo
com/info/terms/
> >
> >
> >
>
>
>
> Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
must have
> already linked your email address to a yahoo id to enable access. )
> (1) To access the Files Section of our Yahoo!Group for Report
Builder and
> Crystal Reports and other 'goodies', please goto:
> http://groups.yahoo.com/group/vantage/files/.
> (2) To search through old msg's goto:
> http://groups.yahoo.com/group/vantage/messages
> (3) To view links to Vendors that provide Vantage services goto:
> http://groups.yahoo.com/group/vantage/links
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo
com/info/terms/

Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must
have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/

Yahoo! Groups Sponsor
ADVERTISEMENT

Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must
have already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links

Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.

[Non-text portions of this message have been removed]

system · October 13, 2003, 4:30pm

well the shipping should work if the receiver was done before or after it is the posting to stock that the cost would have to be there before posting.... hard to tell without seeing everything.

Rick Gors <rgors@...> wrote:Ahhh.....

Did you ship the items before the receipt of the invoice from the
subcontract?

Did you put a known or estimated figure in the P/O to subcontractor or leave
at zero?

RG
-----Original Message-----
From: Tricia Simon [mailto:t.simon@...]
Sent: Monday, October 13, 2003 3:57 PM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Re: Job Costing/Variance Analysis

Unfortunately, the only costs on this job are material and subcontracting.
;(

TIA

Tricia

-----Original Message-----
From: wendorff1 [mailto:kelly.wendorff@...]
Sent: Monday, October 13, 2003 3:50 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Re: Job Costing/Variance Analysis

I second the quantity per operation point made earlier. If I remember
correctly, Vantage calculates total cost by summing the unit price of
each pperation (total cost of operation / number of pieces completed).
If your completion qty is off on one of your operations, that will
affect your unit costs...

--- In vantage@yahoogroups.com, "Tricia Simon" <t.simon@r...> wrote:
> No. ;(
>
> Tricia
>
>
> -----Original Message-----
> From: Michael Benedict [mailto:mbenedict@c...]
> Sent: Monday, October 13, 2003 3:38 PM
> To: vantage@yahoogroups.com
> Subject: RE: [Vantage] Job Costing/Variance Analysis
>
>
> Are there any labor or material transactions dated after the
completion
> date?
>
> Michael
>
>
> > -----Original Message-----
> > From: Stephanie Geary [mailto:sageary25@y...]
> > Sent: Monday, October 13, 2003 2:37 PM
> > To: vantage@yahoogroups.com
> > Subject: RE: [Vantage] Job Costing/Variance Analysis
> >
> >
> > Are the qties complete in labor correct -- that affects cost
> > sometimes... if you want to fax it to me I would look ... can't
> > promise anything ... 317/392-5006
> > Stephanie Geary
> >
> > Tricia Simon <t.simon@r...> wrote:
> > Erica,
> >
> > Yes, I see that on the Production Detail Report...thanks. However,
I still
> > don't see how it's coming up with a variance of $1395.19. My
inital
> > calculation is as follows:
> >
> > Total job cost - $1508.08
> > Less shipment 94.26 (1508.08/96 * 6)
> > --------
> > Balance on job $1413.82
> > Std of $19.98 $1798.20 (19.98 * 90 pcs)
> > --------
> > Variance $ 384.38 BIG difference from 1395.19.
> >
> > Any ideas? I'd be willing to fax the Production Detail Report to
you (or
> > anyone who thinks they have an idea!).
> >
> > TIA
> >
> > Tricia
> >
> >
> > -----Original Message-----
> > From: Erica Steffens (IS) [mailto:ESteffens@s...]
> > Sent: Monday, October 13, 2003 2:52 PM
> > To: 'vantage@yahoogroups.com'
> > Subject: RE: [Vantage] Job Costing/Variance Analysis
> >
> >
> > Were the parts shipped directly from the job? If so it did not
> > use standard
> > cost for those 6 parts. It would have taken a percentage from the
> > job. What
> > ever 6 pcs of the make qty it.
> >
> >
> >
> > Erica A. Steffens
> >
> > Business Systems Analyst
> >
> > Synovis IS/PE/Caribe
> >
> >
> >
> > -----Original Message-----
> > From: Tricia Simon [mailto:t.simon@r...]
> > Sent: Monday, October 13, 2003 1:43 PM
> > To: Vantage One-List (E-mail)
> > Subject: [Vantage] Job Costing/Variance Analysis
> >
> >
> >
> > OK....here's one for my fellow bean-counters!
> >
> > Trying to figure out how Vantage calculated the variance. Here is
the
> > scenario....
> >
> > Job completed 96 pcs. 6 were shipped/billed from the job, balance
of 90
> > went to stock.
> >
> > Std cost for this item is $19.98. Total cost of job is $1508.08.
System
> > calculated a variance of $1395.19. For the life of me, can't
> > figure out how
> > it came up with this.
> >
> > If it makes any difference, the shipped/billed parts were dated
> > prior to the
> > stocked items.
> >
> > Appreciate any and all help!
> >
> > TIA
> >
> > Tricia Simon, Controller
> > Riten Industries, Inc.
> >
> >
> >
> >
> >
> >
> > Yahoo! Groups Sponsor
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> > kenattogyo
> > ?YH=3707890&yhad=1595056> Click Here!
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> > l/S=:HM/A=1595056/rand=933287098>
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system · October 13, 2003, 4:31pm

We using standard costing for the manufacture of parts transferred to other
divisions, other wise it is lot costing. We use standard costing for
interplant production transfers so we can track the plant performance. The
parts are received into stock at standard cost and the difference is a
manufacturing variance expense. If the plant produces the parts for less
than the standard cost, they get the benefit at month end and vice-versa if
they exceed the standard cost.

If the operation was called complete when the 6 parts were shipped might
cause you variance.

Another thing we have seen is an operation in the middle of the job is
marked the final operation. This could be causing your variance.

On the timely issue of material, that has bitten us many times. If the
parts are put to stock or shipped one minute before the material is issued,
you will have a variance. When parts are put to stock, the receipt from
mfg. Screen shows the costs going to stock. That is the nice thing about
receiving to stock, as long as someone looks at the numbers.

Tom Ford
Cost Accountant
Mid-West Spring and Stamping
(574) 353-7611
(574) 353-7388

-----Original Message-----
From: wendorff1 [mailto:kelly.wendorff@...]
Sent: Monday, October 13, 2003 2:50 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Re: Job Costing/Variance Analysis

I second the quantity per operation point made earlier. If I remember
correctly, Vantage calculates total cost by summing the unit price of
each pperation (total cost of operation / number of pieces completed).
If your completion qty is off on one of your operations, that will
affect your unit costs...

--- In vantage@yahoogroups.com, "Tricia Simon" <t.simon@r...> wrote:
> No. ;(
>
> Tricia
>
>
> -----Original Message-----
> From: Michael Benedict [mailto:mbenedict@c...]
> Sent: Monday, October 13, 2003 3:38 PM
> To: vantage@yahoogroups.com
> Subject: RE: [Vantage] Job Costing/Variance Analysis
>
>
> Are there any labor or material transactions dated after the
completion
> date?
>
> Michael
>
>
> > -----Original Message-----
> > From: Stephanie Geary [mailto:sageary25@y...]
> > Sent: Monday, October 13, 2003 2:37 PM
> > To: vantage@yahoogroups.com
> > Subject: RE: [Vantage] Job Costing/Variance Analysis
> >
> >
> > Are the qties complete in labor correct -- that affects cost
> > sometimes... if you want to fax it to me I would look ... can't
> > promise anything ... 317/392-5006
> > Stephanie Geary
> >
> > Tricia Simon <t.simon@r...> wrote:
> > Erica,
> >
> > Yes, I see that on the Production Detail Report...thanks. However,
I still
> > don't see how it's coming up with a variance of $1395.19. My
inital
> > calculation is as follows:
> >
> > Total job cost - $1508.08
> > Less shipment 94.26 (1508.08/96 * 6)
> > --------
> > Balance on job $1413.82
> > Std of $19.98 $1798.20 (19.98 * 90 pcs)
> > --------
> > Variance $ 384.38 BIG difference from 1395.19.
> >
> > Any ideas? I'd be willing to fax the Production Detail Report to
you (or
> > anyone who thinks they have an idea!).
> >
> > TIA
> >
> > Tricia
> >
> >
> > -----Original Message-----
> > From: Erica Steffens (IS) [mailto:ESteffens@s...]
> > Sent: Monday, October 13, 2003 2:52 PM
> > To: 'vantage@yahoogroups.com'
> > Subject: RE: [Vantage] Job Costing/Variance Analysis
> >
> >
> > Were the parts shipped directly from the job? If so it did not
> > use standard
> > cost for those 6 parts. It would have taken a percentage from the
> > job. What
> > ever 6 pcs of the make qty it.
> >
> >
> >
> > Erica A. Steffens
> >
> > Business Systems Analyst
> >
> > Synovis IS/PE/Caribe
> >
> >
> >
> > -----Original Message-----
> > From: Tricia Simon [mailto:t.simon@r...]
> > Sent: Monday, October 13, 2003 1:43 PM
> > To: Vantage One-List (E-mail)
> > Subject: [Vantage] Job Costing/Variance Analysis
> >
> >
> >
> > OK....here's one for my fellow bean-counters!
> >
> > Trying to figure out how Vantage calculated the variance. Here is
the
> > scenario....
> >
> > Job completed 96 pcs. 6 were shipped/billed from the job, balance
of 90
> > went to stock.
> >
> > Std cost for this item is $19.98. Total cost of job is $1508.08.
System
> > calculated a variance of $1395.19. For the life of me, can't
> > figure out how
> > it came up with this.
> >
> > If it makes any difference, the shipped/billed parts were dated
> > prior to the
> > stocked items.
> >
> > Appreciate any and all help!
> >
> > TIA
> >
> > Tricia Simon, Controller
> > Riten Industries, Inc.
> >
> >
> >
> >
> >
> >
> > Yahoo! Groups Sponsor
> >
> >
> >
> > ADVERTISEMENT
> >
> > 83:HM/A=1595056/R=0/SIG=124p07ne0/*http:/ashnin.com/clk/muryutaita
> > kenattogyo
> > ?YH=3707890&yhad=1595056> Click Here!
> >
> >
> >
> > l/S=:HM/A=1595056/rand=933287098>
> >
> >
> > Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
must have
> > already linked your email address to a yahoo id to enable access.
)
> > (1) To access the Files Section of our Yahoo!Group for Report
Builder and
> > Crystal Reports and other 'goodies', please goto:
> > http://groups.yahoo.com/group/vantage/files/.
> >
> > (2) To search through old msg's goto:
> > http://groups.yahoo.com/group/vantage/messages
> >
> > (3) To view links to Vendors that provide Vantage services goto:
> > http://groups.yahoo.com/group/vantage/links
> >
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> > Your use of Yahoo! Groups is subject to the Yahoo!
> > Terms of Service.
> >
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> > [Non-text portions of this message have been removed]
> >
> >
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> > Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
must have
> > already linked your email address to a yahoo id to enable access.
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> > Your use of Yahoo! Groups is subject to http://docs.yahoo
com/info/terms/
> >
> >
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> > (2) To search through old msg's goto:
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> > (3) To view links to Vendors that provide Vantage services goto:
> > http://groups.yahoo.com/group/vantage/links
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo
com/info/terms/
> >
> >
> >
> >
> >
> > ---------------------------------
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> > The New Yahoo! Shopping - with improved product search
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system · October 13, 2003, 4:34pm

Had a known cost in the PO to subcontractor.

-----Original Message-----
From: Rick Gors [mailto:rgors@...]
Sent: Monday, October 13, 2003 4:17 PM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Re: Job Costing/Variance Analysis

Ahhh.....

Did you ship the items before the receipt of the invoice from the
subcontract?

Did you put a known or estimated figure in the P/O to subcontractor or leave
at zero?

RG
-----Original Message-----
From: Tricia Simon [mailto:t.simon@...]
Sent: Monday, October 13, 2003 3:57 PM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Re: Job Costing/Variance Analysis

Unfortunately, the only costs on this job are material and subcontracting.
;(

TIA

Tricia

-----Original Message-----
From: wendorff1 [mailto:kelly.wendorff@...]
Sent: Monday, October 13, 2003 3:50 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Re: Job Costing/Variance Analysis

I second the quantity per operation point made earlier. If I remember
correctly, Vantage calculates total cost by summing the unit price of
each pperation (total cost of operation / number of pieces completed).
If your completion qty is off on one of your operations, that will
affect your unit costs...

--- In vantage@yahoogroups.com, "Tricia Simon" <t.simon@r...> wrote:
> No. ;(
>
> Tricia
>
>
> -----Original Message-----
> From: Michael Benedict [mailto:mbenedict@c...]
> Sent: Monday, October 13, 2003 3:38 PM
> To: vantage@yahoogroups.com
> Subject: RE: [Vantage] Job Costing/Variance Analysis
>
>
> Are there any labor or material transactions dated after the
completion
> date?
>
> Michael
>
>
> > -----Original Message-----
> > From: Stephanie Geary [mailto:sageary25@y...]
> > Sent: Monday, October 13, 2003 2:37 PM
> > To: vantage@yahoogroups.com
> > Subject: RE: [Vantage] Job Costing/Variance Analysis
> >
> >
> > Are the qties complete in labor correct -- that affects cost
> > sometimes... if you want to fax it to me I would look ... can't
> > promise anything ... 317/392-5006
> > Stephanie Geary
> >
> > Tricia Simon <t.simon@r...> wrote:
> > Erica,
> >
> > Yes, I see that on the Production Detail Report...thanks. However,
I still
> > don't see how it's coming up with a variance of $1395.19. My
inital
> > calculation is as follows:
> >
> > Total job cost - $1508.08
> > Less shipment 94.26 (1508.08/96 * 6)
> > --------
> > Balance on job $1413.82
> > Std of $19.98 $1798.20 (19.98 * 90 pcs)
> > --------
> > Variance $ 384.38 BIG difference from 1395.19.
> >
> > Any ideas? I'd be willing to fax the Production Detail Report to
you (or
> > anyone who thinks they have an idea!).
> >
> > TIA
> >
> > Tricia
> >
> >
> > -----Original Message-----
> > From: Erica Steffens (IS) [mailto:ESteffens@s...]
> > Sent: Monday, October 13, 2003 2:52 PM
> > To: 'vantage@yahoogroups.com'
> > Subject: RE: [Vantage] Job Costing/Variance Analysis
> >
> >
> > Were the parts shipped directly from the job? If so it did not
> > use standard
> > cost for those 6 parts. It would have taken a percentage from the
> > job. What
> > ever 6 pcs of the make qty it.
> >
> >
> >
> > Erica A. Steffens
> >
> > Business Systems Analyst
> >
> > Synovis IS/PE/Caribe
> >
> >
> >
> > -----Original Message-----
> > From: Tricia Simon [mailto:t.simon@r...]
> > Sent: Monday, October 13, 2003 1:43 PM
> > To: Vantage One-List (E-mail)
> > Subject: [Vantage] Job Costing/Variance Analysis
> >
> >
> >
> > OK....here's one for my fellow bean-counters!
> >
> > Trying to figure out how Vantage calculated the variance. Here is
the
> > scenario....
> >
> > Job completed 96 pcs. 6 were shipped/billed from the job, balance
of 90
> > went to stock.
> >
> > Std cost for this item is $19.98. Total cost of job is $1508.08.
System
> > calculated a variance of $1395.19. For the life of me, can't
> > figure out how
> > it came up with this.
> >
> > If it makes any difference, the shipped/billed parts were dated
> > prior to the
> > stocked items.
> >
> > Appreciate any and all help!
> >
> > TIA
> >
> > Tricia Simon, Controller
> > Riten Industries, Inc.
> >
> >
> >
> >
> >
> >
> > Yahoo! Groups Sponsor
> >
> >
> >
> > ADVERTISEMENT
> >
> > 83:HM/A=1595056/R=0/SIG=124p07ne0/*http:/ashnin.com/clk/muryutaita
> > kenattogyo
> > ?YH=3707890&yhad=1595056> Click Here!
> >
> >
> >
> > l/S=:HM/A=1595056/rand=933287098>
> >
> >
> > Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
must have
> > already linked your email address to a yahoo id to enable access.
)
> > (1) To access the Files Section of our Yahoo!Group for Report
Builder and
> > Crystal Reports and other 'goodies', please goto:
> > http://groups.yahoo.com/group/vantage/files/.
> >
> > (2) To search through old msg's goto:
> > http://groups.yahoo.com/group/vantage/messages
> >
> > (3) To view links to Vendors that provide Vantage services goto:
> > http://groups.yahoo.com/group/vantage/links
> >
> >
> > Your use of Yahoo! Groups is subject to the Yahoo!
> > Terms of Service.
> >
> >
> >
> > [Non-text portions of this message have been removed]
> >
> >
> >
> > Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
must have
> > already linked your email address to a yahoo id to enable access.
)
> > (1) To access the Files Section of our Yahoo!Group for Report
Builder and
> > Crystal Reports and other 'goodies', please goto:
> > http://groups.yahoo.com/group/vantage/files/.
> > (2) To search through old msg's goto:
> > http://groups.yahoo.com/group/vantage/messages
> > (3) To view links to Vendors that provide Vantage services goto:
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> > Your use of Yahoo! Groups is subject to http://docs.yahoo
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> >
> > Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
> > must have already linked your email address to a yahoo id to
> > enable access. )
> > (1) To access the Files Section of our Yahoo!Group for Report
> > Builder and Crystal Reports and other 'goodies', please goto:
> > http://groups.yahoo.com/group/vantage/files/.
> > (2) To search through old msg's goto:
> > http://groups.yahoo.com/group/vantage/messages
> > (3) To view links to Vendors that provide Vantage services goto:
> > http://groups.yahoo.com/group/vantage/links
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo
com/info/terms/
> >
> >
> >
> >
> >
> > ---------------------------------
> > Do you Yahoo!?
> > The New Yahoo! Shopping - with improved product search
> >
> > [Non-text portions of this message have been removed]
> >
> >
> >
> > Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
> > must have already linked your email address to a yahoo id to
> > enable access. )
> > (1) To access the Files Section of our Yahoo!Group for Report
> > Builder and Crystal Reports and other 'goodies', please goto:
> > http://groups.yahoo.com/group/vantage/files/.
> > (2) To search through old msg's goto:
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> > (3) To view links to Vendors that provide Vantage services goto:
> > http://groups.yahoo.com/group/vantage/links
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo
com/info/terms/
> >
> >
> >
>
>
>
> Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
must have
> already linked your email address to a yahoo id to enable access. )
> (1) To access the Files Section of our Yahoo!Group for Report
Builder and
> Crystal Reports and other 'goodies', please goto:
> http://groups.yahoo.com/group/vantage/files/.
> (2) To search through old msg's goto:
> http://groups.yahoo.com/group/vantage/messages
> (3) To view links to Vendors that provide Vantage services goto:
> http://groups.yahoo.com/group/vantage/links
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo
com/info/terms/

Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must
have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
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system · October 13, 2003, 4:42pm

Kelly,

I can't tell you if you're crazy or not but here is what I can tell you.

It all depends on how you want to look at your costs. Most of our parts are
repetitive and we set a price with our customer for a year. Because of this
we want to set and maintain a cost we use standard costing does just that.
(Because we sell it for $X's we need to make if for $X's if we are not
something is wrong and we have and unfavorable variance.)

I can say we have three plants that we use standard costing in and it is
working for us.

Erica A. Steffens

Business Systems Analyst

Synovis IS/PE/Caribe

-----Original Message-----
From: wendorff1 [mailto:kelly.wendorff@...]
Sent: Monday, October 13, 2003 2:42 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Re: Job Costing/Variance Analysis

Erica,

You mention that you receive all parts to stock before shipping...

We currently ship everything directly from the job (WIP) but are
considering going to a FG system where I would recieve everything into
stock and ship from stock (rather than the job). Right now we ship
around 500 jobs complete per month (so I would have to review and
receive 500 jobs into stock each month).

Am I crazy for thinking about doing this or does Vantage do a good job
accurately computing costs and variances?

Any suggestions/info is appreciated.

Thanks,

Kelly Wendorff

--- In vantage@yahoogroups.com, "Tricia Simon" <t.simon@r...> wrote:
> Erica,
>
> Yes, I see that on the Production Detail Report...thanks. However,
I still
> don't see how it's coming up with a variance of $1395.19. My inital
> calculation is as follows:
>
> Total job cost - $1508.08
> Less shipment 94.26 (1508.08/96 * 6)
> --------
> Balance on job $1413.82
> Std of $19.98 $1798.20 (19.98 * 90 pcs)
> --------
> Variance $ 384.38 BIG difference from 1395.19.
>
> Any ideas? I'd be willing to fax the Production Detail Report to
you (or
> anyone who thinks they have an idea!).
>
> TIA
>
> Tricia
>
>
> -----Original Message-----
> From: Erica Steffens (IS) [mailto:ESteffens@s...]
> Sent: Monday, October 13, 2003 2:52 PM
> To: 'vantage@yahoogroups.com'
> Subject: RE: [Vantage] Job Costing/Variance Analysis
>
>
> Were the parts shipped directly from the job? If so it did not use
standard
> cost for those 6 parts. It would have taken a percentage from the
job. What
> ever 6 pcs of the make qty it.
>
>
>
> Erica A. Steffens
>
> Business Systems Analyst
>
> Synovis IS/PE/Caribe
>
>
>
> -----Original Message-----
> From: Tricia Simon [mailto:t.simon@r...]
> Sent: Monday, October 13, 2003 1:43 PM
> To: Vantage One-List (E-mail)
> Subject: [Vantage] Job Costing/Variance Analysis
>
>
>
> OK....here's one for my fellow bean-counters!
>
> Trying to figure out how Vantage calculated the variance. Here is
the
> scenario....
>
> Job completed 96 pcs. 6 were shipped/billed from the job, balance
of 90
> went to stock.
>
> Std cost for this item is $19.98. Total cost of job is $1508.08.
System
> calculated a variance of $1395.19. For the life of me, can't figure
out how
> it came up with this.
>
> If it makes any difference, the shipped/billed parts were dated
prior to the
> stocked items.
>
> Appreciate any and all help!
>
> TIA
>
> Tricia Simon, Controller
> Riten Industries, Inc.
>
>
>
>
>
>
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Topic		Replies	Views
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Job Costing/Variance Analysis

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