Percentage Based Labor Costing

If the inventory item being invoiced is assigned to a product line that has a cost type = P and the inventory STK flag is set to N (indicating that the item is a non-stocking or non-tracking item), the system uses the price of the item and the standard cost of the item (from inventory) to determine the item cost.  When this type of item is processed, the system takes the price of the item and multiplies it by the standard cost field /100 to determine the value to load into the cost.  This allows the item cost to be set to a percentage of the actual selling price.  When this feature is used, the cost, current cost and the commission cost for the invoice line is set to the value determined with the above logic.


Inventory Transaction Processing