RE: Planned Standard Costs for Assembly Items
Hi There.
I have an assembly item, whose standard cost needs to be updated.
I have run the ‘Planned Standard Cost Roll Up’ after selecting the assembly item.
My understanding is that this should;ve generated a planned standard cost for the standard cost version.
The roll up ran without errors though did not generate any planned standard cost records.
Am I missing a step?
There are a few possible reasons why the Planned Standard Cost Roll Up may not have generated any planned standard cost records for your assembly item:
- The assembly item does not have a standard cost version selected. To generate planned standard cost records, the assembly item must have a standard cost version selected on the item record.
- The assembly item does not have a cost category selected. To generate planned standard cost records, the assembly item must have a cost category selected on the item record.
- The assembly item has a component item that does not have a standard cost record. To generate planned standard cost records for the assembly item, all of its component items must have a standard cost record.
- The assembly item has a component item that uses actual or average costing. Planned standard cost records can only be generated for assembly items whose component items all use standard costing.
To troubleshoot the issue, you can check the following:
- Make sure that the assembly item has a standard cost version selected.
- Make sure that the assembly item has a cost category selected.
- Check the bill of materials (BOM) for the assembly item and make sure that all of its component items have a standard cost record. You can do this by running the Standard Cost Rollup for each component item.
- Make sure that all of the assembly item’s component items use standard costing. You can check this by viewing the costing method for each component item on the item record.
