Adding Labor & OH to product costs Answered
Hello,
What is the best way of adding labor and overhead expenses into work orders through beas? I added an estimated % of the direct materials and labor into the routing steps and also adjusted the schema but it is not following through to the general ledger. Do I have to change the bill of materials?
Thanks
Comments
6 comments
Hi Robin,
Did you set the cost element on the packing worker resource ? Why did you set the Parallel to achieve it ? You can achieve the requirement by the enable the Value labor costs separately on the "S-002" resource master data. Of course , you can contact me , I can show you how to deal with the scenario.
Hello Jeremy,
There are two different cost type related to your question , one is for Labor cost , the other is for OH cost; according to my experience , I suggest that:
1, About the Labor cost , I suggest you enable the Value labor costs separatly parameter on the resource master data , and set a separate Cost element to collect them , and setup the account for JE on the cost element. when you do the time receipt base on the work order , the system will generate the JE according to the account and cost rate.
please see the screenshot
2, About OH cost , I suggest you can set the percentage on the cost schema, of course , you can define the which item the percentage depends on . and you need set choose the related cost schema on the item master data.
And also there is many ways can deal with you issues, there is good video on our E-learning platform, I recommend you watch it.
https://youtu.be/YzjdHthzQZw?list=PL-FzlfVF_PDtpaiLQDGugGaFuWGDtCCl_
Hope it can help you
Kind Regards,
zhiliang
Hi Zhiliang,
I'm looking for a way to create labor cost and overhead of a operation with ONE time receipt.
1. The "Packing" operation is link to overhead
2. The "Packing Worker" operation is link to labor cost, and is the parallel resource of the "Packing" operation
3. Create a work order
4. Create a time receipt to "Packing" operation
Actual result: No time receipt created to the "Packing Worker" operation automatically.
Which I expect is: Create a time receipt to "Packing Worker" at same time automatically.
Best Regards!
Robin
Hi Zhiliang,
I saw the topic "Parallel resources" on beas online help.
Do you have test case?
BR
Robin
HI Zhiliang,
Sorry to jump into this conversation, i would like to ask, is there a way that we can add any cost element or labor cost, but it will not add to the standard cost of the items (Cogs). thank you.
Willy
Hi Willy,
Currently , Beas can support up to five different kinds of cost elements, And if the item's is managed by standard cost , it means that when you book the item , it will take the standard cost value in the JE,
if you use the actual cost method for the production cost collection , after the work order completion , The system will generate the WIP variance.
I recommend that you go through this site
http://www.beascloud.net/docs/help/online_eng/index.html?hochrechnung.htm
Thanks
zhiliang
Please sign in to leave a comment.