Complete “Sub Contracting & External Operation Manufacturing” with Product Costing of Live Examples
Explanation of Sub Contracting & External Process Mfg.
What you’ll learn
- Students will able to get Knowledge of Sub Contracting & External Operation process with CO-Product Costing.
Course Content
- Introduction of Sub Contracting and External Operation Process with Product Cost –> 1 lecture • 17min.
- Product Costing with Sub Contracting Process –> 3 lectures • 1hr 28min.
- Product Costing with External Operation manufacturing Process –> 3 lectures • 1hr 4min.
- Prerequisites of Basic Product Costing (This is Additional) –> 3 lectures • 54min.
Requirements
Explanation of Sub Contracting & External Process Mfg.
Sub Contracting
1). Creation Valuation Classes : 1 for RM , 1 for PACK and 1 for FG
2). Create GL accounts:
RM & PACK Materials-Consumption ,FG Material-COST of MFG from Vendor and Sub Contracting Charges account
3). OBYC Settings for : RM & Pack Materials FG Materials ,Subcontracting Charges-
4). Assign in OKTZ : RM & Pack Materials
4). Create Cost center for Sub Contracting Process and maintenance of OKB9 Settings
5). Design Costing Variant and Valuation Variant of Subcontracting.
6). Create Purchase Order with Item Category L and Transfer posting with respect to Purchase order to vendor
7). Goods Receipt with respect to Purchase order 101 M. Type
External Operation Process Costing.
1). Create GL accounts: FG Materials for External Operation and Assign in OKTZ : in External Operation Component
2). Design Costing Variant and Valuation Variant of External Operation Process
3). Purchase Info Record for External Operation Process and Routing Creation with External process Control Key .
4). Create Production Order and Check Automatically Purchase requisition will be generated and then Purchase order with respect to PR.
5). Goods Receipt with respect to Purchase order & booked to Production Order
6).Check in Production Order in Cost Trend Option- Goods Issue, Activity Confirmation And Goods Receipt.
7).Variance Calculation and Settlement Done.