Re: Standard cost calculation from Landed Costs

Hi Lee

If you use Standard Costing, what you see is correct. When you are in 5/INM and you enter F14, it will display the landed cost elements. Be careful, because some could be compounded/price dependent, whereas others might not be.

I have used landed costs extensively, both with Standard Costing and FIFO and they always seem to work OK.

Please email direct if you have any further problems.

Kind regards

Simon Sherwood
----- Original Message ----- From: "Lee Greenwood" <leegreenwood@xxxxxxxxxxxxxxx>
To: <system21@xxxxxxxxxxxx>
Sent: Thursday, October 09, 2008 1:02 PM
Subject: [SYSTEM21] Standard cost calculation from Landed Costs

Hi,

We use landed costs at one of our companies which is something I have
never really experienced before. My understanding is that the Standard
Cost (shown in 5/INM), is made up from the Material Cost (from 5/INM) +
the landed costs which can be a fixed value, or a percentage of the
material cost.

If I do the calculation manually, I am seeing a different figure to what
is shown in 5/INM for the Standard Cost.

My question is, is my understanding of how the landed costs work
correct? If I am wrong could someone please explain how are where the
standard cost is calculated?

Thanks in adavnce,

Lee Greenwood
IT Manager - Titan Europe Plc

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