MOVEMENT OF INCOME & COSTS IN ERP

INCOME
SALES / INCOME OM / AR MODULE INCOME

PRODUCT COST & COST OF GOODS SOLD

BATCH RELEASE BATCH CERTIFICATION BATCH CLOSE P R O D U C T C O S T ISSUE OF OPM MATERIALS ALLOCATION OF RESOURCES ALLOCATION OF EXPENSES SAL, R&M, DEP, ETC. (BURDENS)

CREDIT RCA ACCOUNTS

PRODUCT

MATERIAL SOLD YES COST OF NO BALANCE SHEET GOODS SOLD

VARIANCE ACCOUNTS
PPV, USAGE, SUBSTITUTION, RSV, RUV, BATCH CLOSE,

EXEPENSES OTHER THAN OPM MATERIALS

DISCRETE INVENTORY & MAINTENANCE EXPENSES

EAM

REPAIRS & MAINTENANCE

EMPLOYEE COST

A P

SALARY & ALLOWANCES

OTHER ADMN / SELLING EXP

A P

ADMN & SELLING EXP

DEPRECIATION F A

DEPRECIATION

GROSS PROFIT ERP SYSTEM

SALES LESS COST OF GOODS SOLD (COGS)

COST OF GOODS SOLD ADJUSTED FOR P & L ACCOUNT

OPENING STOCK OF WIP & FINISHED GOODS

ADD

PRODUCT COST (PCO) MILK + MATERIALS ISSUED AT STANDARDS & OTHER COST ALLOCATIONS (RCA)
ADD

VARIANCES :

PRICE - USAGE - SUBSTITUTION - INVENTORY VALUATION INVOICE PRICE - BATCH CLOSE (OF MATERIALS & RESOURCES)

LESS

RESOURCE CONTROL ACCOUNTS

LESS

CLOSING STOCK OF WORK IN PROGRESS & FINISHED GOODS

PRODUCT COSTING IN ERP

S T A N D A R D C O S T

MILK COST
OPM MATERIAL COSTS
PACKING MATERIAL COST 2

RAW MATERIAL COST

D
UTILITY & OTHER RESOURCE COSTS
UTILITY & OTHER RESOURCES POWER STEAM REFRIGERATION GAS LABOUR CONT. Rs.4.00 per KWH Rs..2.00 per kg Rs.4.00 per TR Rs.3.60 per CM Rs.11 per Hour S T A N D A R D

EQUIPMENT BURDEN COSTS

EQUIPMENT BURDEN COSTS

MAINTENANCE DEPRECIATION EMPLOYEE COST (Presently these are allocated through Standard Cost Adjustment)

C
4 OTHER BURDENS AS % OF MILK COST

OTHER BURDEN BASED ON A PERCENTAGE ON MILK COST

MILK LOSS MILK PROCUREMENT COOPERATIVE SERVICES CHILLING Different rates for different item class are fixed. Other BURDEN is adjusted through Standard Cost Adjustment.