Use this activity to enter and maintain the different cost sets that you want to use at different sites. This mandatory task is to be performed by a system administrator or an equivalent person.
A cost set is similar to a calculation sheet. You can use cost sets in the calculation and rollup of costs and in comparisons of costs across cost sets.
System cost sets 1, 2, 3, 4 and 5 are created automatically when the system is set up:
Cost Set | Description |
1 | Inventory Value |
2 | Estimated Material Cost |
3 | Latest Purchase Price |
4 | Average Purchase Price |
5 | Planned Purchase Cost |
Cost set 1 may only be updated by the rollup from another cost set. Sets 2, 3, 4 and 5 may be deleted if not used in the system. Any other cost set may be deleted. This will also delete associated Part Cost-, Work Center Cost- and Labor Class Cost records.
This activity has the following prerequisites:
As a result of this activity:
Costing Basic Data
Costing Basic Data/Cost Set
To perform this activity, follow these steps: