Manufacturing Variance, How to explain (at items's material requirement level) Cost Incurred / Relie
Company is experiencing huge manufacturing variances. Is there a report (or query) that shows material requirements (item level) with cost incurred (actual) and Cost Relieved (standard)?
This would be for discrete standard costing.
I've ran both the Discrete Job Value report and the Discrete Job Data reports. They lack visibility of what varied in the material required/used.
The Discrete Job Value report shows variance by account...but does not provide what specific item/s varied (in value).
Element/Variance Accounts Costs Incurred Costs Relieved Relieved Relieved Period Activity
--------------------- ------------------------- ---------------- ---------------- ---------------- ---------------- ----------------
Material 21181.107.00000.152001.00 428.19 1,089.07 (660.88) (660.88)
0.00000.00000.00000
The Discrete Job Data shows the items, but no valuation.