Enter, or click to select, a parameter ID of up to 15 alphanumeric characters. Choose characters for your parameter ID that help identify the type of selections you made on the screen, such as PERIOD or QUARTERLY.

When you save your record, all the selections made on the screen are stored with the parameter ID. Later, you can retrieve the parameter using Query.

You can use the parameter to run the process more efficiently because you can select the parameter ID with its previously defined screen selections. After the default selections display on the screen, you can override the defaults.

Enter, or click to select, a parameter description of up to 30 alphanumeric characters.

Select a range option for the part/revision for which the item standard costs are to be updated. Valid options are All, One, Range, From Beginning, and To End.

Enter, or use to select the starting Project ID.

Enter, or use to select the Ending Project ID.

Select a range option for the project for which the project item standard costs are to be updated. Valid options are All, One, Range, From Beginning, and To End.

Enter, or use to select the starting Project ID.

Enter, or use to select the Ending Project ID.

Select a range option for the commodity code for which parts are to be updated. Valid options are All, One, Range, From Beginning, and To End.

Enter, or use to select the starting Project ID.

Enter, or use to select the Ending Project ID.

Select an option to indicate the source of the cost to use when updating the standard cost. Available options are manufacturing orders, last item cost, last project item cost, item reference cost, project item reference cost, bills of material (BOM)/routing cost rollups.

Enter the number of recent MOs to use when calculating the new standard cost. This field is enabled if the Cost Source = Manufacturing Orders.

Enter the earliest order date to be used for including MOs when calculating the new standard cost. This field is enabled if the Cost Source = Manufacturing Orders.

This field is enabled if the Cost Source = Manufacturing Orders. Enter the percentage of data that should be trimmed before calculation is done in order to remove outliers in the data that might skew the results. Trimming is done equally to the lowest and highest end of the retrieved data set (whole records only), but only after calculating the total costs for each MO. In addition, trimming will be based on the total incurred cost / total relieved quantity (sum of all cost elements). If there are insufficient records to trim equally on both ends, trimming will not occur.

The following are examples of processing for the data trim percentage:

• If there are 100 data records, a data trim of 20% skips the 10 lowest and 10 highest values, and uses the remaining 80 for the calculations.
• If there are 10 data records, a data trim of 10% results in the system trying to discard only one (1) record, but because there isn’t enough records to trim on both ends of the data set, trimming will not occur.

This field is enabled if the Cost Source = Manufacturing Orders. From the drop-down list, select the calculation method to use when deriving the new standard cost. Valid options are:

• Average: Select this option to sum up the unit cost of all the rows for the project, and divide the sum by the number of rows. This is done separately for direct unit cost and burden unit cost.
• Median: Select this option to use the record that falls in the middle of the trimmed data range. If two records fall in the middle, calculate the average of the two to get the median. This is done separately for direct unit cost and burden unit cost.
• Mode: Select this option to use the record that occurs the most number of times. If multiple records have the same maximum frequency, find the average of these records to get the mode. This is done separately for direct unit cost and burden unit cost.
• Weighted Average: Select this option to use the weighted average. Use the method below to compute for the weighted average:
  • Multiply the quantity by the price (for each record) to get the total cost for each record.
  • Sum up the total costs of all the rows for the project to get the total for all the selected rows.
  • Divide the total by the sum of all the quantities from the selected rows to get the weighted average.

Select this option to use previously calculated target or actual burden rates based on cost pools for a specific year. This option enables Target, Actual, and Fiscal Year buttons and field.

Select this option to indicate that target inventory burden rate should be applied to the standard cost.

Select this option to indicate that actual inventory burden rate should be applied to the standard cost.

Enter, or use to select the fiscal year from which the target/actual inventory burden rate is to be used for applying burden.

Select this option to use burden rates manually entered on the screen. This option enables Material, Labor, Misc1, Misc2,and Subcontract fields.

Enter the percentage of burden to apply to the calculated material standard cost.

Enter the percentage of burden to apply to the calculated labor standard cost.

Enter the percentage of burden to apply to the calculated Misc1 standard cost.

Enter the percentage of burden to apply to the calculated Misc2 standard cost.

Enter the percentage of burden to apply to the calculated subcontract standard cost.

Select this option to roll up direct and burden material costs.

Select this option to roll up all cost elements, including material cost. If selected, this enables Labor, Misc1, Misc2, and Subcontract fields to specify how labor, misc1, misc2, and subcontract cost elements are rolled up.

Select an option to specify labor, misc1, and misc2 rollup. Valid options are Routing and Project/Item Standard Cost.

• Routing: Select this option to retrieve costs from standard routing operations for the make part. This only applies to labor and subcontract cost. Misc1 and Misc2 costs are not available in routing operations.
• Project/Item Standard Cost: Select this option to retrieve costs from standard cost tables. This applies to all cost elements.

Select an option to specify subcontract rollup. Valid options are Routing and Project/Item Standard Cost.

• Routing: Select this option to retrieve costs from standard routing operations for the make part. This only applies to labor and subcontract cost. Misc1 and Misc2 costs are not available in routing operations.
• Project/Item Standard Cost: Select this option to retrieve costs from standard cost tables. This applies to all cost elements.

Enter the date to be used for selecting MBOM components that are effective for the calculation. Only components with a starting effectivity date of less than or equal to the as-of date and ending effectivity date that is greater than the as-of date are included. This date is also used in selecting routing lines that are effective.

Select this check box to factor in scrap and yield losses when calculating costs based on MBOM quantities.

Enter, or use to select the BOM configuration to select the effective MBOM component line. You can specify a configuration ID only if you select one (1) part in the range option. Only components for each line number that call out the configuration ID are included. If none of the component lines has the required configuration ID, the lines without any configuration ID are used. If you did not enter a configuration ID, rows that contain a component BOM configuration ID are not included.

Select this check box to factor in burden costs when calculating costs based on MBOM quantities.

Enter the assumed order lot size to be used in determining the cost based on routings (for fixed run type), and also for BOM quantities (for quantity type of Per Order).

Select this check box to exclude This-Level Material Costs when calculating material costs for assemblies. An assembly's material costs will only reflect the material costs rolled up from components under it.

Enter the part's routing number that will be used to retrieve the operations and associated fixed and variable costs that will be used in the cost calculations. This is applicable when the Cost Source = BOM/Routing Cost Rollup, and Labor or Subcontract option = Routing. If a routing number is not specified, Costpoint assigns a default routing number.

Select this check box to update project item standard cost.

Select this check box to exclude update to project item burden cost.

Select this check box to update item standard cost.

Select this check box to exclude update to item burden cost.

This check box defaults to the option selected in Configure Product Definition Settings. This check box is also available if the Create Cost Adjustment Transactions check box is selected, otherwise, this check box is unavailable. Select this check box to prevent the created cost adjustment transactions from posting to the general ledger.

Select this check box to include cost element breakdown in the report.

Select this check box to include MOs that were used in the calculations. If selected, this enables the Show Trimmed Off Data check box.

Select this check box to include MOs that were not used in the calculations.

Select this check box to preview or print the list of parts for which standard costs cannot be calculated.

Select the primary sort option for the report. Available options are Part/Rev, Project, and Commodity. The Project option only applies if Project Item Standard Cost check box is selected.

Select an option to indicate the secondary sort option for the report. Available options are Part/Rev, Project, and Commodity. The Project secondary option only applies if Project Item Standard Cost check box is selected. This is only enabled if initial sort is by part/rev or commodity. The Part/Rev secondary option is only available if initial sort is by project or commodity. The Commodity secondary option is only available if initial sort is by project.