Revised cost calculation in Sage X3

By | February 10, 2022

A revised standard cost is usually created in order to prepare for an upcoming new standard cost following the revaluation of a material, an hourly rate, etc. Revised standard costs for the same product and site are retained and can be viewed.

A revised standard cost calculation can be associated with an accounting interface, which makes it possible to re-evaluate the stock value for semi-finished and finished products during the update of the revised standard cost.

This function is used to calculate the revised standard cost of a product, a selection of products, all the products at a site from a cost type routing alternative, a cost type BOM alternative , with or without immediate update, to print a document summarizing or detailing the calculation.

The calculation with or without the lower BOM levels consists of reading the component costs at the first level and transferring them to the cost of the parent product.

Navigation:

All >> Costing >> Revised cost calculation.

Fig 1 : Navigation

Filter Parameters:

Site

The user must indicate the site for the calculation.

Selection of the products

The user must indicate either a product, or a group of products at the site or a selection of products. To choose to calculate the standard cost for all the products at the site, tick the “All” box. To carryout the revised standard cost calculation for a selection of products, it is necessary to create the selection filter via the contextual menu accessible in the Product field.

Validity

The user has to specify the validity period of the calculated revised standard cost.

Calculation quantity

This is the quantity that will be used in the calculation. In the case of a calculation for a single product, this filed is loaded by default by the economic quantity for the product but can be modified.

Fig 2 : Filter parameters

Calculation parameters:

BOM routings

The user must indicate an alternative routing of the cost  type, this alternative must be associated with a BOM alternative that is also of the type cost.

BOM code

The BOM alternative is displayed and is non modifiable. This is the first BOM alternative associated with the routing alternative previously entered.

Distribution of the fixed costs

The fixed overheads (material loss, setup rate, operation loss rate, fixed rate) are distributed either as a totality or pro rata for the calculation quantity/economic quantity.

Material cost choice

The material cost choice is initialized by default (CLCCUTMAT setup), it is used to value the material cost.

Dimension rate choice

The dimension rate choice is initialized by default (CLCCUTRAT setup), it is used to value the labor and machine elements in the calculation.

OH column choice

The OH column choice (Overheads) is initialized by default (OVECOLCUT setup), it is used to value the overhead element in the calculation, detailed by the nature of the overhead and calculated by applying the fixed rate or the formula in the chosen calculation column.

Fig 3 : Calculation parameters

With the help of above steps user can do the revised cost calculation.

About Us

Greytrix – a globally recognized and one of the oldest Sage Development Partner is a one-stop solution provider for Sage ERP and Sage CRM organizational needs. Being acknowledged and rewarded for multi-man years of experience, we bring complete end-to-end assistance for your technical consultations, product customizations, data migration, system integrations, third-party add-on development and implementation competence. 

Greytrix caters to a wide range of Sage X3, a Sage Business Cloud Solution, offerings. Our unique GUMU™ integrations include Sage X3 for Sage CRMSalesforce.com, Dynamics 365 CRM and Magento eCommerce along with Implementation and Technical Support worldwide for Sage X3. Currently we are Sage X3 Implementation Partner in East Africa, Middle East, Australia, Asia, US, UK. We also offer best-in-class Sage X3 customization and development services, integrated applications such as POS | WMS | Payment Gateway | Shipping System | Business Intelligence | eCommerce and have developed add-ons such as Catch – Weight  and Letter of Credit and India Legislation for Sage X3 to Sage business partners, end users and Sage PSG worldwide. Greytrix Sales Commission App for Sage X3 simplifies commission calculations and postings on sales transactions.

The GUMU™ Cloud framework by Greytrix forms the backbone of cloud integrations that are managed in real-time for processing and execution of application programs at the click of a button.

Greytrix is a recognized Sage champion ISV Partner for GUMU™ Sage X3 – Sage CRM integration also listed on Sage Marketplace; GUMU™ integration for Sage X3 – Salesforce is a 5-star rated app listed on Salesforce AppExchange and GUMU™ integration for Dynamics 365 CRM – Sage ERP listed on Microsoft AppSource.

For more information on Sage X3 Integration and Services, please contact us at x3@greytrix.com, We would like to hear from you.