Revaluation of Overhead Rate

Stephanie-

We are on 4.0.904. I this late in December for our shop. I had to go into
each of our various work centers and update the overhead rates (Production
Mgmt/Job Mgmt/Master File Main./Work Center). UNFORTUNATELY, from what
tech. support has told me, you CAN NOT update the existing inventory
valuations. Therefore, I took the WIP Report and backed into the % of
overhead $ in WIP manually revalued my year-end inventory (both WIP & FG).
Since I did not want to screw up the system, I did not book any adjustment
since our inventory turns every 30 days or so and theoretically, this value
(in our case, a write up of inventory) would need to be written off within
the first month. If you need any more assistance, you can contact me
offline.

Rick Ludwig
Corporate Controller
Metal Spinners, Inc.
Angola, IN 46703

> ----------
> From: sageary25[SMTP:sageary25@...]
> Reply To: vantage@yahoogroups.com
> Sent: Thursday, January 31, 2002 9:42 AM
> To: vantage@yahoogroups.com
> Subject: [Vantage] Revaluation of Overhead Rate
>
> Hello,
> I just wondered if anyone had ever revalued their existing overhead
> rate as it relates to finished inventory and work in process. If
> anyone has done this I would appreiciate how you went about this task.
> Thanks in advance for any help.
> Stephanie Geary
> K-T Corporation
>
>
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