Tag: Standard costing

The Inventory Cost Revaluation considered by the system for recording of variances is effective as of date of Work Order Close. The Inventory Cost Revaluation effective as of Work Order Completion is the record used in recording the cost of the asset but the recording of the variance is based on Work Order Close date. As a best practice, ensure there are no open work… Continue reading Inventory Cost Revaluation considered in recording Production Variance