Product Costing

[Former Member]

Hi Experts,

My Company is a manufacturing company. Here I have implemented product costing. Final Product (Sale Product) is Finished Product (FGD). This Finished Product is produce by Component & Packing Material. Component is produce by Raw Material. My Scenario is as below:

Regular Activity

1) Production Order create on the basis of requirement of the Component

2) Confirmation create on the basis of actual production of the Component.

3) Production Order create on the basis of requirement of the Finished Product.

4) Confirmation create on the basis of actual production of the Finished Product.

5) Sales order Create of the full quantity of that Finished Product.

6) PGI create of that sales order.

Note: Closing quantity and value of that Finished Product was '0' (Zero)

and after PGI, closing quantity and value of that Finished Product is '0' (Zero).

Month end activity

1) Create material cost estimate with quantity structure (First Component and last Finished Product).

2) Price update: Mark standard price (First Component and last Finished Product).

3) Technically Complete of these production order (First Component and last Finished Product).

4) Actual Settlement of these production order (First Component and last Finished Product).

My problem is the actual price of that Finished Product is not updating in Material. Actual Settlement entry is not showing. Price is going to price difference account. lf it is like that then always I will not get the actual price of the finished product.

It is very very urgent requirement. Please suggest me as earliest possible.

Thanks and regards,

Biplab Malakar

[Former Member]

Product Costing

Hi Experts,

My Company is a manufacturing company. Here I have implemented product costing. Final Product (Sale Product) is Finished Product (FGD). This Finished Product is produce by Component & Packing Material. Component is produce by Raw Material. My Scenario is as below:

Regular Activity

1) Production Order create on the basis of requirement of the Component

2) Confirmation create on the basis of actual production of the Component.

3) Production Order create on the basis of requirement of the Finished Product.

4) Confirmation create on the basis of actual production of the Finished Product.

5) Sales order Create of the full quantity of that Finished Product.

6) PGI create of that sales order.

Note: Closing quantity and value of that Finished Product was '0' (Zero)

and after PGI, closing quantity and value of that Finished Product is '0' (Zero).

Month end activity

1) Create material cost estimate with quantity structure (First Component and last Finished Product).

2) Price update: Mark standard price (First Component and last Finished Product).

3) Technically Complete of these production order (First Component and last Finished Product).

4) Actual Settlement of these production order (First Component and last Finished Product).

My problem is the actual price of that Finished Product is not updating in Material. Actual Settlement entry is not showing. Price is going to price difference account. lf it is like that then always I will not get the actual price of the finished product.

It is very very urgent requirement. Please suggest me as earliest possible.

Kindly suggest solution.

Thanks and regards,

Biplab Malakar

[ajaycwa1981]

You need actual costing? That is supposed to be done by Material Ledger.

What you are doing will not lead you to actual costing