Populate the standard cost worksheet with the work centers and machine centers.Change the “New Standard Cost” to be what is expected to pay on purchases for the next fiscal year.Populate the standard cost worksheet with the purchased items.This functionality for updating Standard Costs in Dynamics NAV is called the Standard Cost Worksheet:įigure 1 – Viewing the Microsoft Dynamics NAV Standard Cost Worksheetįollowing is the process to establish new Standard Costs using the Dynamics NAV Standard Cost Worksheet: When there a significant changes in the Production Process.When there is a significant change in the Production BOM.When there has been a significant change in the cost of raw materials.When you find a significant mistake in the purchased item cost, the Production BOM, and/or Routing and want to make a correction.Times when you might want to establish or reestablish Standard Cost for Items include: In Dynamics NAV there is functionality and a process for establishing Standard Costs that will update the Standard Costs for the Items, and, just as importantly, create a Revaluation Journal that, when posted, will keep the General Ledger in balance with the Inventory Subledger. If your company is using the Dynamics NAV Standard Cost Method, there are times when you need to establish Standard Costs for Purchase and Produced items.
