Standard Cost Worksheets

s_venkatesh78

Hi All,

In Version 5.0sp1 i tried the following.

Created 3 items -->
item 1 with std costing (finished goods) set as '0'
item 2 with FIFO costing (rawmaterial) and bought few items and the unit cost is '10'
item 3 with FIFO costing (rawmaterial) and bought few items and the unit cost is '10'

BOM --> Item 1 needs item 2 & 3 each 1 piece

Routing --> Set 1 work center with 1 hour run time and the cost is set as 10 / hour.

If you manually calculate the std cost of item 1 should be = [10 (cost of Item 2) + 10 (cost of item 3)] + 10 (Process cost for work center for 1 hour) = 30 $

But if i use the standard cost worksheets its suggesting the new standard cost to '0' instead of 30. Is there anything i m missing here ?
In the standard cost worksheet i used the 'suggest item standard cost' option