Production Detail Reports - Estimates

Yahoo Archive
1
Vantage looks at each operation on the job. It uses the costs
established for resources and the production standards and figures how
much it will cost to do that operation. For example OP 10 Burden $20 an
hour, labor $10 an hour, prod. Std. 20 pcs per hour, job calls for 100
parts. It knows it will take 5 hours to run so it computes $150 for
that operation. It does this for all operations. It also takes in
material cost and subcontracting costs, if any. Material cost is called
out in the job as well based on a per parent basis with price being and
estimate on the job as well. It then totals and divides by the total
number of parts expected to be run and gives you per piece cost. All of
this get pulled in from the part, or the quote depending on how you make
your jobs. If you want an even better explanation feel free to email me
directly.



Paul

Pblais at lavignemfg dot com





From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of James Martin Jr.
Sent: Saturday, March 03, 2007 9:41 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Production Detail Reports - Estimates



I'm going to place a call into support Monday morning (is it just me, or
has Customer Support become a bit sketchy lately?), but in the meantime,
does anyone know where Vantage pulls the "estimate" costs in from on the
Production Detail Report? Management took me by surprise on Friday with
some odd variances on estimated costs from job to job to job on the same
part. If anyone can shed some light on this I'd really appreciate it!

James Martin

Vantage 6.10.526

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





[Non-text portions of this message have been removed]
2
I'm going to place a call into support Monday morning (is it just me, or
has Customer Support become a bit sketchy lately?), but in the meantime,
does anyone know where Vantage pulls the "estimate" costs in from on the
Production Detail Report? Management took me by surprise on Friday with
some odd variances on estimated costs from job to job to job on the same
part. If anyone can shed some light on this I'd really appreciate it!



James Martin

Vantage 6.10.526



[Non-text portions of this message have been removed]
3
James,

What version are you on and where are you seeing the variances? Are there variances on materials, burden or labor? I can see where you could get material variances if you are using last cost as your material costing method. If you have significant differences in purchase price of a raw material this would vary accordingly. I suppose this could be true for avarage as well but likely would be less noticeable if you have some histroy built up on your inventory.

As far as I know Vantage only pulls estimated data for burden and labor from the resource or resource group depending on how you have it set up(workcenter/machine in pre v8) For that reason I would be surprised to see variances in those areas unless someone is playing with those settings.

Todd Hofert

________________________________

From: vantage@yahoogroups.com on behalf of James Martin Jr.
Sent: Sat 3/3/2007 9:40 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Production Detail Reports - Estimates



I'm going to place a call into support Monday morning (is it just me, or
has Customer Support become a bit sketchy lately?), but in the meantime,
does anyone know where Vantage pulls the "estimate" costs in from on the
Production Detail Report? Management took me by surprise on Friday with
some odd variances on estimated costs from job to job to job on the same
part. If anyone can shed some light on this I'd really appreciate it!

James Martin

Vantage 6.10.526

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






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