Costpoint Online Help

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Costs Subtask

Use this subtask to enter cost information for goods.

Use this subtask after creating goods and maintain it whenever you need to make additions or changes to a good's cost.

Contents

Field Description
Cost Type

Use the drop-down list to choose the cost type for the good. Choose from the following options:

  • Reference: Costpoint calculates the total reference cost using the cost elements entered.
  • Standard: Costpoint calculates the total standard cost using the cost elements entered.
  • Last: This cost is updated automatically when you enter or create a purchase order. Last costs cannot be added or changed on this screen.

You can make changes to reference cost for a good at any time, but you can make changes to standard cost only if the standard cost method is not in use, or if the standard cost method is in use but no inventory quantities exist for this good.

Effective Start Date

Enter, or click to select, the starting date of the cost row validity. For new rows with Cost type of Standard or Reference, initial value is the current date, otherwise this is blank.

Effective End Date

Enter, or click to select, the ending date of the cost row validity.

For more information on rules affecting effective start and end date in Standard Costing, see the Rules Affecting Effective Start and End Date for Standard Costing topic.

Material Cost Amt

Enter the cost per unit amount of material for this good.

Material Burden Cost Amt

Enter the cost per unit amount of material burden for this good. Material burden is the cost added to cover overhead expenses for materials.

Labor Cost Amt

Enter the cost per unit amount of labor for this good.

Labor Burden Cost Amt

Enter the cost per unit amount of labor burden for this good. Labor burden is the cost added to cover overhead expenses for labor purposes.

Subcontract Cost Amt

Enter the cost per unit amount of subcontracted goods for this good.

Subcontract Burden Cost Amt

Enter the cost per unit amount of subcontract burden for this good. Subcontract burden is the cost added to cover overhead expenses for subcontract purposes.

Misc 1 Cost Amt

Enter the cost per unit amount of the first miscellaneous expense for this good.

Misc 1 Burden Cost Amt

Enter the cost per unit amount of the first miscellaneous burden for this good. A miscellaneous burden is the cost added to cover overhead expenses for purposes not covered under the material, labor, or subcontract categories.

Misc 2 Cost Amt

Enter the cost per unit amount of the second miscellaneous expense for this good.

Misc 2 Burden Cost Amt

Enter the cost per unit amount of the second miscellaneous burden for this good. A miscellaneous burden is the cost added to cover overhead expenses for purposes not covered under the material, labor, or subcontract categories.

Cumulative Total Amt

This field displays the cumulative cost per unit total. This total is the sum calculated by adding all costs entered in the preceding fields.

Set This-Level Costs Equal to Total Costs

Select this check box to have the current level costs be equal to their total item costs.

This Level Material Amt

Enter the material cost of the current good, excluding additional material costs.

This Level Matl Burden Amt

Enter the material burden cost of the current good, excluding additional material burden costs.

This Level Labor Amt

Enter the labor cost of the current good, excluding additional labor costs.

This Level Lab Burden Amt

Enter the labor burden cost of the current good, excluding additional labor burden costs.

This Level Subcontract Amt

Enter the subcontract cost of the current good, excluding additional subcontract costs.

This Level SC Burden Amt

Enter the subcontract burden cost of the current good, excluding additional subcontract burden costs.

This Level Misc 1 Amt

Enter the first miscellaneous cost of the current good, excluding additional first miscellaneous costs.

This Level Misc 1 Burden Amt

Enter the first miscellaneous burden cost of the current good, excluding additional first miscellaneous burden costs.

This Level Misc 2 Amt

Enter the second miscellaneous cost of the current good, excluding additional second miscellaneous costs.

This Level Misc 2 Burden Amt

Enter the second miscellaneous burden cost of the current good, excluding additional second miscellaneous burden costs.

This Level Total Amt

This field displays the current level total cost of the current good. This total is calculated by adding all current level costs.

Modified By

This field displays the user who made the most recent change to the row.

Modified Date

This field displays the date of the most recent change to the row.