Professional Documents
Culture Documents
Cost Type
Cost Type
Cost Type
projection, cost simulation and analysis. A cost type is nothing but a set of costs uniquely identified by
name.
In standard cost organization, System uses "Frozen" cost for all financial transaction. Similarly, in
average cost organization, system usage "Average Cost", "Average Cost Rate Type" for all financial
transactions.
To create/update a cost type, navigate to BOM -> Cost Type, enter all the information in cost type form
and save the record.
Inventory Organization:
Select inventory organization name where you want to create cost type. Organization is a mandatory field.
Cost Type:
Enter cost type name. Cost type name is a mandatory free text field.
Description:
Enter description for the cost type. Description is a 255 character length text field.
Status:
Select status of the cost type. Only active cost types can be used for standard cost update.