My client has standard costing with break up of material cost, labor cost and overhead.
During variance calculation system posts the total variance into one GL account and the same amount is transferred to COPA. Other way to transfer variance to COPA is by variance categories eg. input price, input quantity.
But our requirement is to transfer the variances by material, labor and overhead into COPA. For example the variance on account of both qty and price of the material should go as material cost variance.
How is this possible ???
Your help is much appreciated.