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Former Member
Jul 05, 2008 at 09:15 AM

Proceeding without standard costing for May08 and June08

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Hi,

We have implemented Material Ledger here.

The backlogs are on.

We are still on May08 backlogs.

We had to proceed without standard costing for May and now also for June which we would be able to finish by July 20th.

After that we will be doing the standard costing run for July 2008 by 22nd July.

I dont think we neeed to calculate and settle variances for May and June 2008.

Please guide.

Could you please guide me on what precautions that need to be taken.

Also, when I do the actual costing (ML) run for July in August 2008, I think only the variances for July will be calculated and settled.

Any material Ledger experts, please advise and guide.

regards,

Nidhi