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Product Costing is the valuation of material components internal activities (labour and machine time), and external activities (subcontractors) on a production order (discreet manufacture) or run schedule header (repetitive manufacture) components are costed as per the costing method (standard or weighted average), by reading the values stored in the Material Masters. Subcontract costs can be posted directly to the product cost collector, or allocated thereto via Activity Types. Overheads can be absorbed into the product cost via
Product Costing is the valuation of material components internal activities (labour and machine time), and external activities (subcontractors) on a production order (discreet manufacture) o…