Predefined Cost Type Name [td]
Costing Method [td]
Purpose [td]
Description [/tr]
| "Frozen" [td]Standard [td]Frozen standard costs [td]Used to value transactions and inventory balances for organizations that use standard costing. This cost type is not available for organizations using average costing.[/td] |
"Average" [td]Average [td]Average costs [td]Used to value transactions and inventory balances for organizations that use average costing. This cost type is not available for organizations using standard costing. [/td] |
None; user-defined [td]Average [td]Average rates [td]Used to hold resource to overhead associations, current overhead rates, and any other user-defined sub-element rates used in cost rollups and to cost applicable transactions. This cost type is not available for organizations using standard costing. You must define a cost type for average rates. [/td] |
None; user-defined [td]Either standard or average [td]All other cost types [td]Use all other cost types for any purpose: cost history, product cost simulation, or to develop future frozen costs. These costs are not implemented (not frozen) costs. You can transfer costs from all other cost types to update the Frozen cost type. [/td] |
Table 1 - 4. |