Define Cost Set

Explanation

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.

Prerequisites

This activity has the following prerequisites:

System Effects

As a result of this activity:

Window

Costing Basic Data

Related Window Descriptions

Costing Basic Data
Costing Basic Data/Cost Set

Procedure

To perform this activity, follow these steps:

  1. Open the Costing Basic Data window and click the Cost Set tab.
  2. In the Site list, query for the site for which you want to create the cost set.
  3. To create a new cost set, create a new row.
  4. In the Cost Set field, enter up to 10 numeric characters for the cost set ID.
  5. In the Description field, enter or edit a description of the cost set.
  6. In the Manuf. Cost Template ID field, select the manufacturing cost template to use for the cost set from the List of Values.
  7. In the Purch. Cost Template ID field, select the purchasing cost template to use for the cost set from the List of Values.
  8. Save the changes.