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Former Member

Link between standard price and actual price

Hi experts,

My company has just went live using SAP starting this April. I understand that stocks get valuated based on standard prices and variances are posted to price difference accounts. Now for audit purposes, and noting that the company purchases Raw materials used for production and finished products as well. need to know how to link the actual cost with standard cost. I need to extract a report that shows all materials po’s, GRs, IR’s and vendor name for a given period. And variances among the three componenets should be representing what is posted in price difference accounts. Also i want to know how to know materials that are currently being used in production (WIP)

If this is not possible. I would like to know your experience in handling Audit requirements in achieving ending stock formula (ending stock=opening stock + purchases - COGS and how you link that to actual costs and

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1 Answer

  • Apr 22 at 07:00 PM

    your first question on PPV - purchase price variances - Use any GL line item reports and under additional selections, use the Purchase order selection and mark it as not empty. you can also run by the GL accounts that are used for variance mapping - FBL3H is one of the reports.

    WIP calculation will be part of the production process. Have you tried KOB3? this would give you variances by cost element.

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