QAD Enterprise Applications
Enterprise Edition
User Guide
QAD Costing
Introduction to Costing
Cost Sets and Methods
Setting Up Product Costing
Product Costing Process
Cost Management
Cost Accounts
Costing Impact by Module
Cost Reporting
70-3161-2016EE
QAD Enterprise Applications 2016
Enterprise Edition
March 2016
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Costing_UG_v2016EE.pdf/crl/p9w
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Contents
Costing
Change Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .vii
Chapter 1 Introduction to Costing. . . . . . . . . . . . . . . . . . . . . . . . . . . .1
Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Chapter 2 Cost Sets and Methods. . . . . . . . . . . . . . . . . . . . . . . . . . . .3
Cost Sets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Costing Methods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Standard Cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Average Cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Last Cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Periodic Cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Using Costing Methods with Cost Sets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Cost Set Categories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Chapter 3 Setting Up Product Costing . . . . . . . . . . . . . . . . . . . . . . . .9
Set Up Workflow . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Defining Inventory Accounting Control Settings . . . . . . . . . . . . . . . . . . . . . . . . 10
Defining Work Order Control Settings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Setting Up Departments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Setting Up Work Centers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Defining Item Costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Entering Item Costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Effect of Purchase/Manufacture Code on Cost . . . . . . . . . . . . . . . . . . . 13
Effect of Phantoms . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Effect of Item Planning Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Maintaining Item Costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Defining Routings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Standard Operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Routings and Processes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Subcontract Cost in Routings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Defining Product Structures or Formulas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Effective Dates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
