WIP Report

Application Overview

After production has started and before work orders are closed, the WIP Account may contain an amount.  This WIP Report will print all unfinished work orders and their WIP amount.

The summary format prints one line per work order and the detail format prints the WIP amount at the operation level for each work order.  You can print the outside WIP amount, the inside WIP amount or both.

Parts sent outside the company for processing will distribute to the outside WIP amount.  This report can separate outside and inside WIP amounts. The system calculates outside pieces based on unfinished productions with outside process operations.  Unfinished productions have been started, but not yet reported.  They are also called Open Productions in WO+.

The WIP Report supports both Legacy Work Orders and Plus Work Orders.  Material Work Orders are excluded because they have no WIP.

Printing a legacy work order in detail format will list all components of a selected work order.  The component WIP amount total may vary from the actual WIP amount of the order since the WIP amount of a component is based on current unit cost.  The unit cost can vary from when the WIP amount occurs.  This can happen if Average or Last Cost is used as the Inventory Cost Method, or if Standard Cost is used and the standard cost of the component is changed.

Run Instructions

Main Menu è Distribution è Bill of Material Processor è Reports è Work in Process Report è Print è WIP Report

WIP Detail Report Entry Screen

Entry Field Descriptions

WIP Detail Report Entry Screen

WIP Detail Report

WIP Variance Report

Application Overview

The WIP Variance Report prints out the WIP Variance Amount, Standard Cost Variance Amount and Scrap Amount for each production transaction.  The transactions are posted through the Post Production Transactions program to create these variance amounts.

During the production, Work-In-Process amounts may accumulate due to material, labor, burden or outside process costs put into a work order.  Once the work order is complete, the WIP amount becomes the production cost of the parent item.  The system will create G/L distributions for both the WIP Account and the Finished Goods Account.  If the system is unable to distribute the amount left in the WIP Account to the Finished Goods Account, WIP Variance amount occurs.  These situations occur when:

• Reporting zero quantity in the last operation to complete a Plus Work Order that contains a WIP amount will distribute the amount to the WIP Variance Account.
• If a Plus Work Order is a disassembly order, where the order quantity is negative, the production cost not related to material is distributed to the WIP Variance Account instead of the Finished Goods Account or the Inventory Account of the component.  The variance between the sum of the material cost and parent item cost is distributed to the WIP Variance Account as well, instead of Standard Cost Variance Account.

Only Legacy and Plus Work Orders can have a WIP Variance Amount.

Standard Cost Variance amount may be present if Standard Cost is used as the Inventory Cost Method.  Legacy, Material and Plus Work Orders will have this amount when the production cost differs from the standard cost.

Scrap amount will be present only for Plus Work Orders.  This feature needs to be set by changing BOMP Global Setup field 44, Report Scrap to a Separate Account, to “Y” and set a valid scrap account in field 45, WO+ Scrap Account.  Any piece scrapped during production will have the production cost distribute to the Scrap Account.  The system only calculates a scrap amount when posting a transaction for the last operation, therefore you will only find a scrap amount in the Y Count Point transaction.

If a production transaction creates G/L distribution records for any variance account, the amount will be stored in transaction history and will be printed on this report if selected.  The report can select transaction history records by a range of transaction dates, locations, order numbers, parent item numbers and product categories.

Run Instructions

Main Menu è Distribution è Bill of Material Processor è Reports è Work in Process Report è Print è WIP Variance Report

WIP Variance Report Entry Screen

Entry Field Descriptions

WIP Variance Report Entry Screen

WIP Variance Report