Costs Tab

Actual Costs

The Actual Costs are updated on the receipt of goods and the fields populated will depend on whether the Traceable Item record was purchased or manufactured.

Cost Price: The actual cost price of the Traceable Item Record when received into stock.

This cost in then broken down into the following cost types in the Cost Breakdown section as follows:

Material: The actual Material cost element of the Traceable Item record when received into stock.

For purchased items and items adjusted into stock this should match the actual cost.

For Manufactured items this will be the Material cost element equal to that issued to Works Order or Bill of Material Build divided by the quantity completed at the time.

Labour: The actual Labour cost element of the Traceable Item record when received into stock.

For purchased items and items adjusted into stock, this should be zero, as no labour bookings are made.

For Manufactured items this will be the Labour cost element equal to that of the Works Order or Bill of Material Build divided by the quantity completed at the time.

Machine: The actual Machine cost element of the Traceable Item record when received into stock.

For purchased items and items adjusted into stock, this should be zero, as no Machine bookings are made.

For Manufactured items this will be the Machine cost element equal to that of the Works Order or Bill of Material Build divided by the quantity completed at the time.

Setup: The actual Setup cost element of the Traceable Item record when received into stock.

For purchased items and items adjusted into stock, this should be zero, as no Setup bookings are made.

For Manufactured items this will be the Setup cost element equal to that of the Works Order or Bill of Material Build divided by the quantity completed at the time.

Tooling: The actual Tooling cost element of the Traceable Item record when received into stock.

For purchased items and items adjusted into stock, this should be zero, as no bookings are made.

For Manufactured items this will be the Tooling cost element equal to that of the Works Order or Bill of Material Build divided by the quantity completed at the time.

Subcontract: The actual Subcontract cost element of the Traceable Item record when received into stock.

For purchased items and items adjusted into stock, this should be zero, as no Subcontract bookings are made.

For Manufactured items this will be the Subcontract cost element equal to that of the Works Order or Bill of Material Build divided by the quantity completed at the time.

Overheads: The actual Overhead cost element of the Traceable Item record when received into stock.

For purchased items and items adjusted into stock, this should be zero, as no bookings are made.

For Manufactured items this will be the Overhead cost element equal to that of the Works Order or Bill of Material Build divided by the quantity completed at the time.

Expected Costs

The Expected Costs are updated on receipt of goods and the fields populated will depend on whether the Traceable Item record was purchased or manufactured.

Cost Price: The expected cost price of the Traceable Item record when received into stock.

This cost in then broken down into the following cost headings in the Cost Breakdown section, as follows:

Material: The expected Material cost element of the Traceable Item record when received into stock.

For purchased items and items adjusted into stock this should match the actual cost.

For Manufactured items this will be the Material cost element equal to that issued to the Works Order or Bill of Material Build divided by the quantity completed at the time.

Labour: The expected Labour cost element of the Traceable Item record when received into stock.

For purchased items and items adjusted into stock, this should be zero, as no labour bookings are made.

For Manufactured items this will be the Labour cost element equal to that of the Works Order or Bill of Material Build divided by the quantity completed at the time.

Machine: The expected Machine cost element of the Traceable Item record when received into stock.

For purchased items and items adjusted into stock, this should be zero, as no Machine bookings are made.

For Manufactured items this will be the Machine cost element equal to that of the Works Order or Bill of Material Build divided by the quantity completed at the time.

Setup: The expected Setup cost element of the Traceable Item record when received into stock.

For purchased items and items adjusted into stock, this should be zero, as no Setup bookings are made.

For Manufactured items this will be the Setup cost element equal to that of the Works Order or Bill of Material Build divided by the quantity completed at the time.

Tooling: The expected Tooling cost element of the Traceable Item record when received into stock.

For purchased items and items adjusted into stock, this should be zero, as no bookings are made.

For Manufactured items this will be the Tooling cost element equal to that of the Works Order or Bill of Material Build divided by the quantity completed at the time.

Subcontract: The expected Subcontract cost element of the Traceable Item record when received into stock.

For purchased items and items adjusted into stock, this should be zero, as no Subcontract bookings are made.

For Manufactured items this will be the Subcontract cost element equal to that of the Works Order or Bill of Material Build divided by the quantity completed at the time.

Overheads: The expected Overhead cost element of the Traceable Item record when received into stock.

For purchased items and items adjusted into stock, this should be zero, as no bookings are made.

For Manufactured items this will be the Overhead cost element equal to that of the Works Order or Bill of Material Build divided by the quantity completed at the time.

Actual vs Expected Costs

Within this section is a graph visually showing the differences between the Actual and Estimated costs for each cost type.

Only the Material Cost types will show data, however, for Traceable Item records created from Works Order completions and Bill of Material builds, a useful insight into the difference between Actual and Estimated cost types can be found.