New Improved Sheet
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New Improved Sheet
Product Costing Value Flow Demo

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(This page has a list of entries that needs to be posted.
Post the entries in this sequence:
OVHD - Overheads posted to the direct production cost centre
Act - Overhead recovery from Cost Centre to the production order based on activity hours
PPV - Purchase price variance on raw material
Mat GI - Raw Material issued to production
Mat GR - FG Material Goods receipted into inventory from production order
PV - Production Variance
Sales - Cost of Goods sold entries arising from sales

Post Grouping:
Act +4
⁠
Journals
3
Comments
Account Group
Sub group
Account
Order
Act Qty
Amt1
Button
Post Grouping
Mat GR at end of production, cr Istmt, Dt Inventory
@ Standard Cost Value
4
INV
​
1xxx Finished Gds
​
1
51
Post Entries
Mat GR
COG
COGM
SECxxx Production Recovery
Total
1
-51
Post Entries
Mat GR
COG
COGM
SECxxx Production Recovery - GR @ Std
OR001 Mat123
1
-28
Post Entries
Mat GR
COG
COGM
SECxxx Production Recovery - GR @ Std
OR002 MatABC
1
-23
Post Entries
Mat GR
Purchase Price Variance
1
INV
​
1xxx Purch Price Variance
​
​
6
Post Entries
PPV
Production Variance
3
COG
COGM
5xxx Production Variance
Total
​
-17
Post Entries
PV
COG
COGM
5xxx Production Variance
OR002 MatABC
1
-17
Post Entries
PV
OVHD
​
Production Variance
​
​
17
Post Entries
PV
Recover Activity rates.
Mat123 1 hr @ $5
MatABC 1 hr @ $6
Same principle applies to OCS, will not be shown
4
COG
COGM
SECxxx Activity recovery
Total
​
11
Post Entries
Act
COG
COGM
SECxxx Activity recovery
OR001 Mat123
1
5
Post Entries
Act
COG
COGM
SECxxx Activity recovery
OR002 MatABC
1
6
Post Entries
Act
OVHD
​
SECxxx Activity recovery
​
​
-11
Post Entries
Act
Issue of component material to production
3
COG
COGM
5xxx Goods Issue to production
OR001 Mat123
1
23
Post Entries
Mat GI
COG
COGM
5xxx Goods Issue to production
OR002 MatABC
2
34
Post Entries
Mat GI
COG
COGM
5xxx Goods Issue to production
Total
​
57
Post Entries
Mat GI
⁠
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