expected cost in production order statistics

Dr_mjhDr_mjh Member Posts: 203
Hi everyone,

Can anyone please explain how is the expected cost in the released production order statistics window is calculated because I'm confused sometimes it is FIFO and somtimes it is average so could anyone please explain this to me?

Thank you all for your cooperation.
Best Regards

Comments

  • AdamRoueAdamRoue Member Posts: 1,283
    I believe it is always average, it is the unit cost, but naturally sometimes your average is your FIFO and therefore it looks like it is the FIFO
    The art of teaching is clarity and the art of learning is to listen
  • Dr_mjhDr_mjh Member Posts: 203
    Thank you Adamroue for your reply.

    Here is the thing if the expected cost is by the unit cost (which is average) and as I know that the part of the material cost in the standard cost is calculated by average thus how come that expected cost and material cost in standard cost still they can be different (you can see this in cronus)? i..e if they are calculated in th same manner thus they must be always equal to each other is that correct?

    Thank you all for your cooperation.
    Best Regards
  • AdamRoueAdamRoue Member Posts: 1,283
    Can you explain the Cronus example so I can look at it and see what you are seeing?
    The art of teaching is clarity and the art of learning is to listen
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