This function is optional, but if used, the information will be updated in the Product costing model during the creation of a manufacturing order. The system will automatically calculate the applicable cost of the tool per product using the applicable equation defined in the Product costing model.
Note: For more information about the Product costing model, see About cost models.
- Select the Work with tools/fixtures menu item.
- You access Work with tools and fixtures. Select the tool for which you want to define cost parameters and click Change.
- You access Tools and fixtures maintenance. Complete the following cost-related fields:
- New cost from date
- This field is optional, but can be used to define the new date from which any new costs shall be used.
- Tool cost fixed
- Enter the fixed cost of the tool. This fixed cost is the purchase cost divided by the estimated life span of the tool.
- Tool cost variable
- Enter the variable tool cost. This variable cost is the value of the tool multiplied with the quantity of the product you manufacture.
- New cost fixed
- This field is only mandatory if you entered a New cost from date. Enter the new fixed tool cost.
- New cost variable
- This field is only mandatory if you entered a New cost from date. Enter the new variable tool cost.
Click OK and exit the routine.
When you create a manufacturing order the system will automatically calculate the cost, based on the information you defined above, using the applicable Product costing equation for the tools.