My Incident number for this issue was 711883MPS.
Erica A. Steffens
System Administrator
Jerneen Micro Medical Technologies Inc.
ESteffens@...
-----Original Message-----
From: Mike Lowe [mailto:
MLowe@...]
Sent: Wednesday, July 18, 2001 11:23 AM
To:
vantage@yahoogroups.com;
vantage@yahoogroups.com
Subject: Re:RE: [Vantage] Standard Costing Issue with 5.0.322 patch
Is this number, Page ID 5626MPS, what I need to reference when I contact
Epicor
support?
My controller is extremely concerned about this change.
We've also put our upgrade plans on hold...
Mike Lowe
Connor
____________________Reply Separator____________________
Subject: RE: [Vantage] Standard Costing Issue with 5.0.322 patch
Author: <
vantage@yahoogroups.com>
Date: 7/18/2001 9:12 AM
Erica:
We also agree-the variances that are created are what our accountant uses to
"determine whether or not the jobs are running to standard."
We e-mailed Epicor and got attached to your call, this would keep us from
upgrading to 5.0. I received a reply that said they expect to have some
answers about this matter by the end of the week. Hope they'll agree to put
it back!
Thanks for pointing this out!
Lydia
-----Original Message-----
From: Troy Funte [mailto:
tfunte@...]
Sent: Wednesday, July 18, 2001 4:01 AM
To:
vantage@...
Subject: Re: [Vantage] Standard Costing Issue with 5.0.322 patch
Erica,
We have looked carefully at this issue that you describe and agree with
you. This needs to be changed (back to the way it was before). What Epicor
has done here is not Standard Costing at all. Those concerned about this
change should log a call about it.
Unfortunately, most companies may not even know of this change until
closing at the end of the month when they find the variances are gone and
inventory has been changed. Our Controller would have flipped out had he
discovered this in mid stream. (We were planning to go to Standard Cost at
the end of this month.)
Thanks for bringing this up, Erica. It is a serious concern.
Troy Funte
Liberty Electronics
----- Original Message -----
From: Erica Steffens
To: 'vantage@...'
Sent: Thursday, July 12, 2001 11:15 AM
Subject: [Vantage] Standard Costing Issue with 5.0.322 patch
I just thought I would see if any one else has the same opinion about a
change made to STD costing.
In patch 322 for version 5 they have made the following change that makes
a
standard cost environment a mess:
When creating a Receipt from Manufacturing the cost that is used is the
Jobs
actual cost NOT the Standard cost that the part is purposely marked with.
It the makes an adjustment to inventory to bring that cost back up to
standard creating an entry into an inventory adjustments account.
Below is what support has sent me saying this change is how it is supposed
to work. Does any one else agree with me their logic is wrong? If you
are
using standard cost then that is what should be pulled from the job NOT
the
actual. This effects the Inventory adjustments account along with the
Work
order variance account. We use the work order variance to help us
determine
how we are doing on jobs overall. We can no longer do that with this
logic.
We will now also have to make journal entries to clean up the inventory
adjustment account and the Work order variance account. What a mess!
I would like to get this changed back to how it was before 5.00.322. If
you
agree with me please call support or submit a change request.
Thank you,
Erica A. Steffens
System Administrator
Jerneen Micro Medical Technologies Inc.
ESteffens@...
Page ID 5626MPS
PROBLEM DESCRIPTION:
ADJ-CST being created for a Standard costed part when MFG-STK transaction
is
created and is using the cost from the Job and not the Standard.
Customer stated that this is different than the way it was working in
5.00.317
STEPS TO DUPLICATE:
MnTech 5.00.323
Create a Job for a Standard Costed part.
Job = #2904
Part = stdmfgpart
Qty = 10
Standard = $35
Processed labor against Job #2904 & completed operation.
Processed Receipts from Mfg for Job #2904 Qty of 10
Per Production Detail Report Unit costs for the material on the job =
$84.80
Viewing the Inventory/WIP Reconcilation report you can see a transaction
DEBIT Inventory $848.00 (10 x 84.80)
CREDIT WIP accounts $848.00
There is also an ADJ-CST transaction created so that the dollars in
Inventory will equal the Standard Cost.
ADJ-CST CREDIT Inventory $498.00
ADJ-CST DEBIT Inventory Adjustment $498.00
848.00 (job unit cost) minus 350 (standard cost >10 x $35) = $498
adjustment.
Per Call #682743MPS the Standard Costed Part should be issued off the job
at
the Standard Cost and Not the Cost from the Job.
RESPONSE FROM DEVELOPMENT:
Working as designed.
MFG-STK is working the same as a PO to Stock at Standard Cost.
By receiving from a Job to Stock at Standard cost, in some cases may cause
negative WIP and a false sence of variance.
Also, the reason for the change was because the total unit cost of a part
is
made up of labor, burden, material and therefore sits on the job at the
total cost in material. If it were to be releived at Standard, it was
trying to pull out those costs by the bucket and not the total material.
This issue will be discussed further.
WORKAROUND:
ADDITIONAL INFORMATION:
VERSION: 5.00.323
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