FRA justifies the usage of manual costing vs a reference list validated by plant manager and GCCO, controls inventory revaluation and analyzes variances
Control owner
FRA
Due date
D5
Frequency
Standard costs are updated every month to ensure inventory valuation and cost of sales accuracy.
FRA:
compares list of manual costing vs result of ZWOCO50 transaction
analyzes product costing variances month over month and checks that there were no blocking errors (CK40N reports)
analyses variable costs and production fixed costs (ZWPP40A reports)