Standard Costs vs Average Costs One of the most important decisions for manufacturing firms to make when implementing NetSuite is whether to use standard costs or average costs. Once you set the cost method of an item, you cannot change it. You must delete the item and recreate it which can be challenging if you […]
What is Costing Lot Size? Costing Lot Size affects the computation of Standard Cost for Setup Cost. When adding a Costing Lot Size above or below 1 the system uses this information to calculate what is they should be standard per Quantity. Costing Lot Size can be set up if the user uses Standard Costing […]