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Project Item Costs Subtask

Use this subtask to enter or view cost information for individual parts associated with a specific project.

Use this subtask after creating parts and whenever you need to make additions or changes to project item costs.

If you have the Costpoint Bills of Material module, you can enter "this level" costs for parent assembly parts on this screen. The printed Costed BOM report can then be used to add the rolled up component and subassembly costs in the part's bills of material to the "this level costs" to determine the total cost of the assembly. This report can optionally update the total standard and reference costs displayed here.

Contents

Field Description
Type

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

  • Reference: If you select this option, Costpoint calculates the total reference cost using the cost elements entered.
  • Standard: If you select this option, Costpoint calculates the total standard cost using the cost elements entered. If you select this option, the Std Cost Inventory Impact subtask becomes available.
  • Last: If you select this option, the cost is updated automatically when you enter or create a purchase order. Last costs cannot be added or changed on this subtask.
  • Average: If you select this option, the cost is averaged automatically when you enter or create a purchase order.

You can modify the reference cost for an item at any time, but you can modify the 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 part.

Project

Enter, or click to select, the project ID with which to assign costs for this part.

The project must already exist on the Manage Project User Flow screen and must have a status of Active.

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 part.

Material Burden Cost Amt

Enter the cost per unit amount of material burden for this part.

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 part.

Labor Burden Cost Amt

Enter the cost per unit amount of labor burden for this part.

Labor burden is the cost added to cover overhead expenses for labor purposes.

Subcontract Cost Amt

Enter the cost per unit amount of subcontracted services for this part.

Subcontract Burden Cost Amt

Enter the cost per unit amount of subcontract burden for this part.

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 part.

Misc 1 Burden Cost Amt

Enter the cost per unit amount of the first miscellaneous burden for this part, up to 10 digits before the decimal and four digits after the decimal.

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 part, up to 10 digits before the decimal and four digits after the decimal.

Misc 2 Burden Cost Amt

Enter the cost per unit amount of the second miscellaneous burden for this part, up to 10 digits before the decimal and four digits after the decimal.

A miscellaneous burden is the cost added to cover overhead expenses for purposes not covered under the material, labor, or subcontract categories.

Total Unit Cost

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 typically applies when the part has no bills of material.

Create Cost Adjustment Transactions This check box defaults to the option selected in Configure Product Definition Settings.

If selected, the system automatically creates cost adjustment transactions for each affected part/revision/inventory abbreviation when standard cost updates are processed and saved.

Do Not Post to General Ledger This check box defaults to the option selected in Configure Product Definition Settings.

This check box is also available if the Create Cost Adjustment Transactions check box is selected, otherwise, this check box is unavailable. Select this check box to prevent the created cost adjustment transactions from posting to the general ledger.

This Level Material Cost Amt

Enter the material cost of the current part, excluding the material costs of any component/subassembly parts in the bills of material.

This Level Material Burden Cost Amt

Enter the material burden cost of the current part, excluding the material burden costs of any component/subassembly parts in the bills of material.

This Level Labor Cost Amt

Enter the labor cost of the current part, excluding the labor costs of any component/subassembly parts in the bills of material.

This Level Labor Burden Cost Amt

Enter the labor burden cost of the current part, excluding the labor burden costs of any component/subassembly parts in the bills of material.

This Level Subcontract Cost Amt

Enter the subcontract cost of the current part, excluding the subcontract costs of any component/subassembly parts in the bills of material.

This Level Subcontract Burden Cost Amt

Enter the subcontract burden cost of the current part, excluding the subcontract burden costs any component/subassembly parts in the bills of material.

This Level Misc 1 Cost Amt

Enter the first miscellaneous cost of the current part, excluding the first miscellaneous costs any component/subassembly parts in the bills of material.

This Level Misc 1 Burden Cost Amt

Enter the first miscellaneous burden cost of the current part, excluding the first miscellaneous burden costs any component/subassembly parts in the bills of material.

This Level Misc 2 Cost Amt

Enter the second miscellaneous cost of the current part, excluding the second miscellaneous costs any component/subassembly parts in the bills of material.

This Level Misc 2 Burden Cost Amt

Enter the second miscellaneous burden cost of the current part, excluding the second miscellaneous burden costs any component/subassembly parts in the bills of material.

This Level Total Cost

This field displays the current level total cost of the current part.

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.

Subtasks

Subtask Description
Std Cost Inventory Impact Click this link to open the Std Cost Inventory Impact subtask to view the total value of inventory that will be affected by the manual change to the standard cost for a particular project.