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