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Update Standard costs with Actual Cost

Accepted answer
edited May 2, 2019 9:22PM in Costing 2 comments


Hello, we have the following situation, an article A that is manufactured, has item B and item C 

ITEAM A (BOM - MFG ) = 1
          ITEM B x 1
          ITEM C x 1

All Item A,B, C 2 has Cost Profile  
 1 Profile   Standard costs, for a primary book with reference to GL,    
 2 Profile   Actual Cost Profile. secondary book it has no GL only for reference., 

Standar Cost
ITEM A = 10 $
ITEM B = 2 $
ITEM C = 3 $

Items B and C are purchased for $ 5 and $ 8 respectively

The cost in the second book for all the article is actual, there is a way to update the standard price to that value that is in the Actual profile(secondary book)  of each article to make a standard cost update based on the actual cost value being the standard cost that is reflected in accounting.

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