Item Cost price estimate – run time cost

When you are estimating the cost price for an item you produce you will have materials, labor, direct and in-direct costs that will build up a cost price for the item. This can get quite complex based on the complexity of the processes for example. Let’s have a look at a basic cost inclusion which is for labor or machine time for the production of a unit of material. These costs can be included as run time based on how long you estimate it typically takes to produce a unit.

Here is a quick overview

AX2012 R3 CU11

Cheers

Lachlan

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