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WIP Variances to be expensed out without Expense Subinventory — Cloud Customer Connect
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WIP Variances to be expensed out without Expense Subinventory

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edited Aug 27, 2019 9:27AM in Costing 1 comment

Summary

WIP Variances to be expensed out without Expense Subinventory

Content

Hello

We are working for one of the US pharma customer. They are selling Samples and Commercials products

 

  • Customer is using ‘Contract Manufacturing’ wherein WO is opened (in released status) directly by planning.
  • The RM is same for both Sample and Commercial
  • For commercial, which is an Asset, the WIP issue (valuation) is also asset
  • For Sample which is an Asset as well, but WIP issue (valuation) is an Expense (controlled by account mapping)

 

WIP Issue (Valuation)

 

Here is the one for Commercial

 

 

Dr.

Cr

Accounting Type

Remarks

WIP Issue

Tagged:

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