@amandamayer – in this scenario we are using standard costing. We do have some specific costing but those are not being questioned. After i posted this i was able to do some more digging and believe our BOM versions are playing a part in this. The BOM version our standard cost was set at is not the BOM version currently being used in production. I was able to identify in one case where there truly was no consumption variance based on the current active BOM version. The material variance posted to our GL and what showed in our value entries was truly the cost difference between the standard cost and the active BOM version. Our BOM versions change frequently throughout the year but we our policy is to only set costing once a year (with very few exceptions).
Login
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Invite this member to groups
Message this member
Add this member as a connection
Please note:
This action will also remove this member from your connections and send a report to the site admin.
Please allow a few minutes for this process to complete.
Report
You have already reported this .
Welcome to our new site!
Here you will find a wealth of information created for people that are on a mission to redefine business models with cloud techinologies, AI, automation, low code / no code applications, data, security & more to compete in the Acceleration Economy!