RE: JBA ML - Landed Costs

[Suzi Rowley <SuziR@xxxxxxxxxx>]

We use landed costs at Fossil.  We calculate a percentage per piece for the
duty and a standard price per piece for the freight plus the cost of the
packaging and add all three into the original cost to get landed.  For
example:  say the original cost of a watch is $30.00 and the incoming duty
for that piece is 7% of the cost (2.10) plus the incoming freight for that
piece is $.50 and the cost of the packaging is $1.30, the landed cost will
be $33.90 for that style.  We are using Style, so we maintain that
information in STINM.  If you would like more information on our process,
please call me and I will get you in touch with our team members that handle
that function.

Suzi Rowley
Accounting System Analyst
Fossil Partners L.P.
972-699-6900, fax 972-498-9690
email: suzir@fossil.com


-----Original Message-----
From: Stuart Sandler [mailto:SSandler@KREBS.COM]
Sent: Friday, November 30, 2001 12:13 PM
To: 'jbausers-l@midrange.com'
Subject: JBA ML - Landed Costs


We would like to begin using landed costs and are having a problem figuring
out how to reconcile the actual freight invoices to what we have added to
our inventory in landed costs.

We can not figure out how to reconcile these invoices to what has been
received. Our problem stems from the fact that we receive separate invoices
for goods and freight. The goods invoices comes from our suppliers, while
the freight invoices come from common carriers.

If anyone out there is using landed costs, and has any ideas, I would
appreciate hearing from you.

Thank you in advance.

Stuart Sandler
Director of Information Systems
Krebs Engineers


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