The
Cost Management (CST) application provides
a full
absorption-cost accounting system for use by
the Inventory, Work in Process, Purchasing,
and Order
Entry applications. CST calculates the values
and variances of each transaction and keeps
a
current, perpetual valuation for each item inventory
balance.
The main features of Cost Management include
the following:
Standard, average,
and activity-based costing.
The capability to create
and maintain item costs by cost element
and sub-element.
Bill of material cost
rollup by cost type.
Inventory transaction
costing.
Work in Process costing
(perpetual balances and transactions).
Revaluation for cost
changes.
Valuation of perpetual
inventory balances.
Project and flow manufacturing.
WlP and INV transaction
and variance journal entries to GL.
