mchad07
Member
Hello,
My company uses a standard cost system. A cost roll to update standard costs is performed on an annual basis. As a company that manufactures highly technical capital equipment, the purchase parts, raw material, and technology changes many times throughout the year. I am trying to draft criteria that if met, would require a cost roll of a piece of equipment at any point in the year. Does anyone else out there have written policies that require updating the standard costs of equipment prior to year end if the criteria is met? Any help would be appreciated.
Thanks,
Version 9.1 enterprise 1
Tools release 9.1.5.5
My company uses a standard cost system. A cost roll to update standard costs is performed on an annual basis. As a company that manufactures highly technical capital equipment, the purchase parts, raw material, and technology changes many times throughout the year. I am trying to draft criteria that if met, would require a cost roll of a piece of equipment at any point in the year. Does anyone else out there have written policies that require updating the standard costs of equipment prior to year end if the criteria is met? Any help would be appreciated.
Thanks,
Version 9.1 enterprise 1
Tools release 9.1.5.5