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Former Member
Jan 08, 2011 at 10:48 AM

Monthly standard cost estimate

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Dear experts,

Can we run standard cost estimate every month, as per my understanding the standard cost needs to be run for a long period may six months or one year, once it is run it cannot be changed, but here I am working for a project where the client wants to run standard cost every month, because there is a frequent changes in BOM qty, like additions or deletions, the client is into electrical equipment manufacturing and turnkey projects, they are using project system also.

Once the project is created they will create a initial BOM, in this BOM the qty. will be only 40-50% of the project, the final BOM will be ready only after 6 months, but once we create the initial BOM we have to run the standard cost other wise this material cannot be assigned in project. In order to get the correct cost of the project they wanted to run standard cost every month.

Could you please advise how we can get the correct cost.

Regards,