Define Cost Bucket
Explanation
Use this function to create and maintain cost buckets by site. When a user
creates a site, 17 predefined
cost buckets will be available. This mandatory
task is to be performed by a system administrator or equivalent person.
Cost Bucket ID |
Cost Bucket Description |
110 |
Estimated Material Cost |
120 |
Latest Purchase Price |
130 |
Average Purchase Price |
140 |
Planned Purchase Price |
150 |
DOP Purchased Material Cost |
160 |
Purchase Additional Cost Amount |
170 |
Purch Charge on Supplier for Part |
200 |
Labor Runtime Cost |
201 |
Labor Setup Cost |
221 |
Labor Overhead Cost |
250 |
Contract Labor Cost |
300 |
Machine Cost |
321 |
Machine Overhead1 Cost |
322 |
Machine Overhead2 Cost |
400 |
Sub-contracting Cost |
421 |
Sub-contracting Overhead Cost |
510 |
Inter-site Material Cost |
A cost bucket defines how part costs are displayed in the system and combines
other lower level cost details.
Note: It is not possible to connect the below mentioned Cost Elements
directly into a cost bucket.
141-Purchase Delivery OH Trigger
501-Material OH Trigger
502-General OH Trigger
601 - Sales OH Trigger
Prerequisites
This activity has the following prerequisites:
- Cost elements must be defined.
- Sites must be defined.
System Effects
As a result of this activity:
- A cost bucket is created.
- The part cost displays the cost breakdown against a part.
- Cost buckets can be assigned to different cost
elements.
Window
Cost Bucket
Related Window Descriptions
Cost Bucket
Procedure
To perform this activity, follow these steps:
- Open the
Cost Bucket or
Cost Buckets window.
- Create a new record.
- In the Bucket ID field, enter up to five alphanumeric characters for the cost
bucket ID.
- In the Description field, enter a description of the cost bucket.
- In the Site field, select the site to which you want to connect the cost
bucket from the List of Values. The Last Activity Date field is populated
with the date, if any, when the part was processed at the site.
- In the Bucket Type list, click the type of bucket. The bucket type you
select determines which tabs are available in this window.
- In the Sunk/Relevant Cost field, click either Relevant or Sunk costs to
associate with the bucket.
- In the Direct/Indirect Cost field, click either Indirect or Direct costs
to associate with the bucket.
- In the Fixed/Variable Cost field, click either Variable or Fixed costs to
associate with the bucket.
- In the Posting Cost Group field, select the
posting cost group to which you want to connect the cost bucket. Note that
if you had selected the Mandatory to Use Posting Cost Groups
check box on
the Cost Details Basic Data window header, it will not be
possible to create new cost buckets without connecting to posting cost
groups.
- Save the changes.