7.5 Phased

PHASED:

Setup costing by CostCenter, by Phased and by Group Product

Step 1: Create Costcenter and setup allocate expense.

From Main Menu choose General Setting Information, CostID:

CostCenter ID

CostCenter Name

Cost Group: 621 : Raw material, 622: Labour cost and 627: Overhead cost.

Setup allocate expense:

• PhaseID: set up expense for each phase. Phased should be 1,2,3,etc… or All (All of phase)

• CostMethodID: is method allocate expense for each group product, product

• Option 1 : allocate direct material

• Option 2 : allocate by rate

• Option 3 : allocate by customize

Step 2: Setup rate allocate expense for each phase.

Firstly, expense after summary in period will be allocated for each phased.

AllocationPhaseID: Default is option 1 (use for all CostCenterID)

PhaseID: phase No.

Rate: rate for each PhaseID

FromDate -ToDate: Time to apply

Step 3: Setup rate for each Group Product

Applied when allocate expense by quantity multiplication rate (CostMethodID = 2, AllocationMethodID = 1).

Firstly, expense after summary will be allocate for each phase, second will be allocate for each group.

• Setup:

GroupID:

Rate: If evenly distributed by quantity should be choose 1 for all GroupID

PhaseID

FromDate -ToDate: Time to apply

Step 4: Setup rate for each product

Applied when allocate expense by quantity multiplication rate (CostMethodID = 2, AllocationMethodID = 1). Firstly, expense after summary will be allocate for each phase, second will be allocate for each group, third will be allocate for each product

Setup:

ProductID

Rate: rate by Coefficient, Selling price or Simple method.

PhaseID

FromDate -ToDate: Time to apply