We are manufacturing a DIE, currently production order against WBS. In new process, they want it as Asset and are ready to follow any process.
- What are advantage of creating production order against WBS considering MRP is not required. Why not just directly create production order.
- What are settlement steps to be followed. Period end settlement of production order or WBS? and settlement on what? Should I keep settling production order (WIP) and then in the end load it on material and then convert it to Asset or do we settle prod order on wbs for WIP and then ? Also, what happens to price difference ? Do they go to Price difference account or WBS?
It would be helpful if someone can share process for this kind of production scenario.