In IFS, when labor clocks into a shop order, the cost is derived from the "Labor Class," which is defined in the routing of the part. However, when labor clocks into an indirect job, the cost is calculated as hours worked × standard cost, where the standard cost is defined in HR > Standard Costs.
The issue is that these standard cost rates have not been updated in a long time. We are concerned that changing it might impact other accounts or areas within the system.
Before making any updates, We’d like to understand:
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What specific accounts or financial areas would be affected by a change to the standard cost?
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Are there any dependencies or system configurations that need to be checked before updating this value?
I’d appreciate any insights or experiences from those who have dealt with this before.
Thanks in advance!