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:

System Effects

As a result of this activity:

Window

Cost Bucket

Related Window Descriptions

Cost Bucket

Procedure

To perform this activity, follow these steps:

  1. Open the Cost Bucket or Cost Buckets window.
  2. Create a new record.
  3. In the Bucket ID field, enter up to five alphanumeric characters for the cost bucket ID.
  4. In the Description field, enter a description of the cost bucket.
  5. 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.
  6. In the Bucket Type list, click the type of bucket. The bucket type you select determines which tabs are available in this window.
  7. In the Sunk/Relevant Cost field, click either Relevant or Sunk costs to associate with the bucket.
  8. In the Direct/Indirect Cost field, click either Indirect or Direct costs to associate with the bucket.
  9. In the Fixed/Variable Cost field, click either Variable or Fixed costs to associate with the bucket.
  10. 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.
  11. Save the changes.