Actual Costing Queries
Hello,
Can anyone help me with the below queries regarding to Actual Costing (Manufacturing)
- Is any type of Manufacturing variances are generated for 02 Actual Costing.
- If not, then what will happen if there will be over issue of Material or over consumption of Labors/Machine.
- If Variances are not generated then what is the role of Variance Batch Report R31804.
- If the Manufacturing Item is setup with 02 cost then do we need to define 02 cost only for Work centers? What will happen if I will define 07 for Work centers.
- Weighted Avg for Manufacturing Item is calculated based on formula:-
[(QtyOnHand x CurrWghtAvgCost) + (TransQty x TransUnitCost)] / (QtyOnHand + TransQty) = WghtAvgCost
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