Discussions
Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!
Stay in the Know
Be sure you're subscribed to NetSuite communication to stay in the know about monthly happenings, updates and announcements. Subscribe
Be sure you're subscribed to NetSuite communication to stay in the know about monthly happenings, updates and announcements. Subscribe
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.
Tagged:
0