Sabe records material and labor transactions posted to Work Orders on the General Ledger and in operational data. Material usage in direct, actual, and standard value and in quantity, labor consumption in hours and cost, and variances for both types of transactions.
Balance Sheet Accounts | P/L Accounts | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Inventory Asset (Component) |
Inventory Asset (Parent) |
WIP (Parent) |
Labor Expense | Overhead Expense | Manufacturing Variance | |||||||
Action | Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit |
Post Material | 100 | 100 | ||||||||||
Post Labor + Related Overhead | 60 | 40 | 20 | |||||||||
Post Additional Material | 25 | 25 | ||||||||||
Post Additional Labor + Related Overhead | 60 | 40 | 20 | |||||||||
Receive Material | 160 | 160 | ||||||||||
Close Work Order | 25 | 25 |
Actual Costs | Standard Costs | |||||
---|---|---|---|---|---|---|
Action | Direct Cost | Labor Cost | Overhead Cost | Direct Cost | Labor Cost | Overhead Cost |
Post Material | Direct Cost | Labor Cost | Overhead Cost | Direct Cost | Labor Cost | Overhead Cost |
Post Labor + Related Overhead | Labor Cost | Overhead Cost | Labor Cost | Overhead Cost |