Job Aid

Defining Component Groups and Cost Component Classes

Step Action
1. Begin by navigating to the Component Groups page.
Click the vertical scrollbar.
2. Click the OPM Financials link.
3. Click the vertical scrollbar.
4. Click the Component Group link.
5. Use the Component Groups page to add a new component group.
. Click in the Component Group !ield.
". Click the New button.
#. $nter the Component Group into 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 Save button.
13. Click the Close button.
14. (ou will now de!ine a cost component class.
)ouble*click the Setup list item.
15. )ouble*click the Cost Component Classes list item.
1. Use the Cost Component Classes page 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
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. $nter a valid value e.g. &Raw
materials&.
21. +he Primar Component Class !ield indicates the primary cost component class to be
associated with the cost component group that you are de!ining. +he de!ault class is the
class code that you speci!ied in the Component
Class !ield.
22. Component Group is an optional entry that lets you !urther group the component classes
!or analysis and reporting purposes.
Click the Component Group list.
23. Click the MAT!R"A# list item.
24. Click the O$ 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 /re0uired12
3 4aterial
3 5esource
3 6verhead
3 $-pense .llocations
3 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 /'1 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#. +he Pro)uct Cost Calculation indicator enables you to identi!y the component costs to
e-clude !rom the Cost 5ollup process. +he de!ault value is :nclude in ;roduct Cost
Calculation. 7elect $-clude <rom ;roduct Cost Calculation i! this is a non*product cost
component class. +his is not applicable to =ot Cost.
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Job Aid
Step Action
2%. +he *aluation Option indicator 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!ault
value is :nclude in ;urchase ;rice ?ariance Calculation.
31. Click the Save button.
32. (ou have success!ully de!ined a component group and a cost component class.
!n) o, Proce)ure.
Date Created: 03/03/2011 18:12:00 Page 3