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Former Member
Dec 27, 2008 at 05:19 AM

Budget price to implement in costing scenario


Hi All Gurus


Client requirement is such as cost value should calculate as standard price(budget price ) in planned cost and actual cost should be from actual price ie from moving average price.

In costing we create production order we saw standard report path is as follow

goto - cost-analysis in this report we are getting some discrumbance as standard price is not picking up from standard price, but actually it is picking by moving average price.

In material master we have defined in accounting1 price control for raw material as v and defined price as moving average price and standard price in standard cost estimate tab(planned price field)

Now the question is

1)is this correct way what we defined in material master or is the standard price(budget price) should be defined in some other field,if it is then which field is correct one to fill.

2) is this process of standard and moving aver price should be reflect in cost analysis is correct one, is the both prices (budget and actual) prices are reflecting.