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Former Member
Dec 03, 2006 at 09:58 PM

Period end closing step for product cost collector

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Hi All,

I have never worked in repetitive manufacturing environment before. My client is implementing repetitive manufacturing with backflush. Could someone clarify me the following.

I have understood from the documents that we need to do the following:

1. cost center allocations

2. Calculate the actual activity price (KSII)

3. Revaluate all the cost collectors with the actual activity prices

4. Overhead calculation

5. Variance calculation

6. Settlement of cost collectors

Could someone tell me, does all the above period end steps are followed in the industries? Otherwise, could you write what is actually followed.

Thanks

Susan