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8/11/2019 Defining Component Groups and Cost Component
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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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8/11/2019 Defining Component Groups and Cost Component
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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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