The Definitions menu located in the Administration section of the LOGO application contains Cost Accounting Parameters option for cost accounting to be used. This parameter is used to specify the cost accounting method used by the company.
Anchor _Hlt129518224 _Hlt129518224 Anchor _Hlt129518164 _Hlt129518164 Anchor _Hlt129161652 _Hlt129161652 When "Planned Costs Will Be Used" is selected, material costs are calculated by first using planned costs. When actual values are determined at the end of the period, differences are transferred into material costs through difference accounts.Anchor _Hlt129161658 _Hlt129161658 Anchor _Hlt129108439 _Hlt129108439 Anchor _Hlt129518072 _Hlt129518072 Anchor _Hlt129518073 _Hlt129518073 - When "Actual Costs Will Be Used" is selected, actual figures at the end of the period are applied to material costs and posted to G/L.
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