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Job Aid

Defining Component Groups and Cost Component Classes

Step Action

1. Begin by navigating to the Component Groupspage.

Click the verticalscrollbar.

2. Click the OPM Financialslink.

3. Click the verticalscrollbar.

4. Click the Component Grouplink.

5. Use the Component Groupspage to add a new component group.. Click in the Component Group!ield.

". Click the Newbutton.

#. $nter the Component Groupinto which material and resource costs are collected !or

reporting purposes.

Click in the Component Group!ield.

%. $nter the desired in!ormation into the Component Group!ield. $nter a valid value e.g.&RSRC&.

1'. Click in the Description!ield.

11. $nter the desired in!ormation into the Description!ield. $nter a valid value e.g.

&Resource&.

12. Click the Savebutton.

13. Click the Closebutton.

14. (ou will now de!ine a cost component class.

)ouble*click the Setuplist item.

15. )ouble*click the Cost Component Classeslist item.

1. Use the Cost Component Classespage to add a new cost component class to the

component group that you are de!ining.

Date Created: 03/03/2011 18:12:00 Page 1

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Job Aid

Step Action

1". $nter the code to identi!y the Component Class.

Click in the Component Class!ield.

1#. $nter the desired in!ormation into the Component Class!ield. $nter a valid value e.g.

&DRYMAT1&.

1%. Click in the Description!ield.

2'. $nter the desired in!ormation into the Description!ield. $nter a valid value e.g. &Raw

materials&.

21. +he Primar Component Class!ield indicates the primary cost component class to be

associated with the cost component group that you are de!ining. +he de!ault class is the

class code that you speci!ied in the Component

Class !ield.

22. Component Groupis an optional entry that lets you !urther group the component classes!or analysis and reporting purposes.

Click the Component Grouplist.

23. Click the MAT!R"A#list item.

24. Click the O$button.

25. +he %sa&e!ield indicates i! this cost component class is being entered !or use as a

material, overhead, resource, or e-pense detail !rom routings.

ccept the de!ault value or select one o! the !ollowing values /re0uired aterial

esource

6verhead

$-pense llocations

7td Cost d8ustment

2. $nter the Sort Se'uence!or the component class. +his !ield indicates the order in which

component classes display in !orms and reports. 1 is the !irst or top line, 2 indicates the

second line, and so on. 9ero /' allows the application to determine the sort order.

Click in the Sort Se'uence!ield.

2". $nter the desired in!ormation into the Sort Se'uence!ield. $nter a valid value e.g. &(&.

2#. +hePro)uct Cost Calculation indicator enables you to identi!y the component costs to

e-clude !rom the Cost ollup process. +he de!ault value is :nclude in ;roduct Cost

Calculation. 7elect $-clude

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Job Aid

Step Action

2%. +he*aluation Optionindicator enables you to indicate i! the component class must be

used !or evaluating inventory. +he de!ault value is >ill be used !or inventory valuation.

3'. +he Purc+ase Price *ariance Calculation option enables you to indicate i! the cost

component class must be included in the ;urchase ;rice ?ariance Calculation. +he de!aultvalue is :nclude in ;urchase ;rice ?ariance Calculation.

31. Click the Savebutton.

32. (ou have success!ully de!ined a component group and a cost component class.

!n) o, Proce)ure.

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