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• And more!
Check out this thread to learn more!
Landed Cost With Standard Cost Items
Hi
I am trying to set up landed costs for assembly items that are using the standard cost costing method
SuiteAnswers 99364 and the NetSuite help documentation isn't very clear
Help Documentation:
Landed Cost With Standard Cost Items
Two standard cost items are marked to use landed cost.
Item 1: standard cost = 10 x Quantity = 1
Item 2: standard cost = 12 x Quantity = 1
On a receipt, for each the rate = 13 (total 26).
Item 2 Variance = 1 (13 – 12)
Item 2 Asset = 12
Item 1 Variance = 3 (13 – 10)
Item 1 Asset = 10
Inventory Received Not Billed account = (-13 x 2)
For landed cost:
one item is used (6010 Advertising)
entered $5 with allocation method = Quantity
The $5 is allocated evenly.
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