About Repetitive Costing

The system requires that you use standard costing to utilize repetitive manufacturing and period-based costing. Period costing is effectively used when an item has predictable requirements for materials, labor, and machine hours. As a result, typical or earned costs are established for manufacturing, and costing variances are based on the difference between expected or earned costs and actual posted costs.

The comparison is based on a user-defined time period that may be on a daily, weekly, or monthly basis, or any other time period that you choose. Material, labor, and machine hours are accumulated for work centers as a result of posting Just In Time production, completing quantities for a production schedule, or when posting work center transactions for labor, machine, or materials.