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Former Member
May 20, 2008 at 12:25 AM

Product costing---MAP and std pricing

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hey i have a secenario and need help on this urgently

here it is on product costing

we are in an industry where prices for our raw materials chnage frequently, the question is tht how best can we account for the changing prices right now we are on Std pricing system). Do we perform a monthly cost roll, and if so can that be setup so we can enter prices ahead of time and roll on a specified date without a lot of manual intervention? Or should we change from standard to MAP? If we do that what is the impact to our production orders, settlement, variances and costing of the semi-finished materials?

need reply urgently PLSS Help

will award maximum points

Thnks

Amit