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There is no mechanism in Vantage to do what other packages I have used call a "Cost Rollup Process" for purchase parts.

That process would take a predetermined field and roll that cost into the Standard Cost field.

Standard costing is the establishment of cost standards for activities and their periodic analysis to determine the reasons for any variances.

Standard costing is a tool that helps management account in controlling costs.

I think Vantage has missed the boat on some of the processes that are needed when using Standard Cost.

Such standards are established either by historical trend analysis of the cost or by an estimation by any engineer or management scientist.

Bruce Butler Information Systems Manager [Non-text portions of this message have been removed]Use Last Cost as the costing method for the set of purchased Parts you described as Last Cost being most appropriate for your company.

Costing method is a Part Class/Part inheritance model (with Part settings over-riding the Part Class when specified).

Archer Point has worked with clients to suggest new standards in different ways.

For instance, use the last direct cost from the item card as the new standard.

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