Standard costs is defined as the cost that would be generally required if the stock is to be replaced.
Standard Costs are used where there are benchmarks for production and purchasing that the items needs to be comply with.
The Standard Cost Worksheet is a standard feature within Dynamics NAV. It allows the changing of standard costs as the purchase prices, Bills of Materials and manufacturing operation times change.
Standard NAV though doesn’t provide the functionality to calculate the new costs based on landed costs or average actual costs.
Fenwick Gold Advanced Cost Worksheet granule allows you to calculate new standard costs based on last landed costs or average landed cost. It also ignore items that are still going through their design stage and provides more information on the worksheet so that the new standard cost more accurately reflects the replacement cost.