Inventory item - Standard cost
Greetings, When creating a new item, under Buying Details tab, there is a text box called Standard Cost. I am puzzled why Myob advises dollar value entered under Standard Cost must include ta...
Forum Discussion
Hi Gerald1
I wouldn't advise using Standard Costs. It doesn't give an accurate Gross Margin by product, and there isn't a varaince account for the difference between actual and standard cost. I have one very dissatisfied client at the moment.
Thanks for your reply and suggestion Ian. Since it is optional, I have taken your suggestion and decided not to use it.
