Hello,
We are trying to implement standard costing in IFS Cloud.
We have created different cost templates for our different product families, each with their own sets of Cost Buckets and Cost Elements. It is set up this way because the different products absorb different amounts of overhead.
The different overhead Cost Elements have been set up as percentages of 110 – Estimated Material Cost, in line with our costing model.
When viewing the product under Part Cost, the Cost Bucket Detail tab does not include the overhead cost buckets, so it does not calculate a high enough cost:
When changing the part’s Cost Template within the Part Cost screen, it also does not work. It only pulls through costs from the Estimated Material Cost bucket.
Is anyone able to assist please?
Thank you
John
