To those running/considering standard cost

Yahoo Archive
1
Let me clarify... We want the value of all the unfinished parts
(that are part of a job) that are on our shop floor, at standard.
These parts are not in inventory nor will they be. (Except for
the finished good when it is done) It would be the value of all
subcomponents at their last operation completed, with any material
tied to a completed operation, plus any subcontract ops.

"L.D. Eates" wrote:
>
> I have used standard cost for two years now. If the part is marked as
> standard cost and you have the standard cost attached to the part, it will
> shipped the item at standard even if you have no inventory. Your stock
> status report will show what is in inventory (if you have posted production
> it will negative)and the cost number will std cost next to it. When you post
> the production it will go back to zero. If you need additional info you can
> e-mail me off line.
>
> L. D. Eates
>
> -----Original Message-----
> From: Joe Konecny [mailto:jkonecn@...]
> Sent: Wednesday, January 24, 2001 12:21 PM
> To: vantage@egroups.com
> Subject: Re: [Vantage] To those running/considering standard cost...
>
> Right but if someone said "show me the value of all your wip
> on the floor at standard", I couldn't do it.
>
> Erica Steffens wrote:
> >
> > We use standard cost. In order to do this though you need to put
> everything
> > into inventory before it is shipped. It is the only way I know to make
> this
> > work.
> >
> > Erica A. Steffens
> > System Administrator
> > Jerneen Micro Medical Technologies Inc.
> > ESteffens@...
> >
> > -----Original Message-----
> > From: Joe Konecny [mailto:jkonecn@...]
> > Sent: Wednesday, January 24, 2001 7:10 AM
> > To: Vantage List
> > Subject: [Vantage] To those running/considering standard cost...
> >
> > We have been using standard cost to value our inventory since we
> > started with Vantage. We do it all manually though. Reason
> > is that Vantage (even though we are set up for standard cost)
> > uses last cost for valuing WIP. We want it valued at standard.
> > Are we missing something or can't Vantage be set up as a true
> > standard cost system?
> >
> > To unsubscribe from this group, send an email to:
> > vantage-unsubscribe@egroups.com
> >
> > To unsubscribe from this group, send an email to:
> > vantage-unsubscribe@egroups.com
>
> To unsubscribe from this group, send an email to:
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>
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2
We have been using standard cost to value our inventory since we
started with Vantage. We do it all manually though. Reason
is that Vantage (even though we are set up for standard cost)
uses last cost for valuing WIP. We want it valued at standard.
Are we missing something or can't Vantage be set up as a true
standard cost system?
3
We use standard cost. In order to do this though you need to put everything
into inventory before it is shipped. It is the only way I know to make this
work.

Erica A. Steffens
System Administrator
Jerneen Micro Medical Technologies Inc.
ESteffens@...

-----Original Message-----
From: Joe Konecny [mailto:jkonecn@...]
Sent: Wednesday, January 24, 2001 7:10 AM
To: Vantage List
Subject: [Vantage] To those running/considering standard cost...


We have been using standard cost to value our inventory since we
started with Vantage. We do it all manually though. Reason
is that Vantage (even though we are set up for standard cost)
uses last cost for valuing WIP. We want it valued at standard.
Are we missing something or can't Vantage be set up as a true
standard cost system?

To unsubscribe from this group, send an email to:
vantage-unsubscribe@egroups.com
4
Right but if someone said "show me the value of all your wip
on the floor at standard", I couldn't do it.

Erica Steffens wrote:
>
> We use standard cost. In order to do this though you need to put everything
> into inventory before it is shipped. It is the only way I know to make this
> work.
>
> Erica A. Steffens
> System Administrator
> Jerneen Micro Medical Technologies Inc.
> ESteffens@...
>
> -----Original Message-----
> From: Joe Konecny [mailto:jkonecn@...]
> Sent: Wednesday, January 24, 2001 7:10 AM
> To: Vantage List
> Subject: [Vantage] To those running/considering standard cost...
>
> We have been using standard cost to value our inventory since we
> started with Vantage. We do it all manually though. Reason
> is that Vantage (even though we are set up for standard cost)
> uses last cost for valuing WIP. We want it valued at standard.
> Are we missing something or can't Vantage be set up as a true
> standard cost system?
>
> To unsubscribe from this group, send an email to:
> vantage-unsubscribe@egroups.com
>
> To unsubscribe from this group, send an email to:
> vantage-unsubscribe@egroups.com
5
I have used standard cost for two years now. If the part is marked as
standard cost and you have the standard cost attached to the part, it will
shipped the item at standard even if you have no inventory. Your stock
status report will show what is in inventory (if you have posted production
it will negative)and the cost number will std cost next to it. When you post
the production it will go back to zero. If you need additional info you can
e-mail me off line.

L. D. Eates


-----Original Message-----
From: Joe Konecny [mailto:jkonecn@...]
Sent: Wednesday, January 24, 2001 12:21 PM
To: vantage@egroups.com
Subject: Re: [Vantage] To those running/considering standard cost...


Right but if someone said "show me the value of all your wip
on the floor at standard", I couldn't do it.

Erica Steffens wrote:
>
> We use standard cost. In order to do this though you need to put
everything
> into inventory before it is shipped. It is the only way I know to make
this
> work.
>
> Erica A. Steffens
> System Administrator
> Jerneen Micro Medical Technologies Inc.
> ESteffens@...
>
> -----Original Message-----
> From: Joe Konecny [mailto:jkonecn@...]
> Sent: Wednesday, January 24, 2001 7:10 AM
> To: Vantage List
> Subject: [Vantage] To those running/considering standard cost...
>
> We have been using standard cost to value our inventory since we
> started with Vantage. We do it all manually though. Reason
> is that Vantage (even though we are set up for standard cost)
> uses last cost for valuing WIP. We want it valued at standard.
> Are we missing something or can't Vantage be set up as a true
> standard cost system?
>
> To unsubscribe from this group, send an email to:
> vantage-unsubscribe@egroups.com
>
> To unsubscribe from this group, send an email to:
> vantage-unsubscribe@egroups.com

To unsubscribe from this group, send an email to:
vantage-unsubscribe@egroups.com