Item Formula

Item Formula Basic Fields

• Active Ingredient - Percentage of the active ingredient in the component. This is used in Batch Manufacturing.
• Additional Description - Additional description of the Item Formula line.
• Component - Specifies the component item included in the Item Formula.
• Component Description - Displays the description of the component item.
• Component Low Level - Indicates the low-level code of the component within the BOM structure for planning and calculation purposes.
• Conversion
• Cost Allocation % - Cost allocation percentage of the parent item corresponding to the component. This is used in Reverse Kit BOM calculations.
• Default - Indicates whether this Formula Version is the default version used for production.
• Extended Cost - Calculated as Quantity Per * Standard Cost
• Formula Management - Formula management of the related Formula Version.
• Formula Version - Specifies the Formula Version associated with this Item Formula line.
• Import Item Formula
• Line No.
• Link to Operation No. - Routing Operation No. linked to the Item Formula, enabling the automatic consumption of raw materials when the routing step is completed.
• Parent - Specifies the parent item being produced by this Item Formula.
• Parent Description - Displays the description of the parent item.
• Parent Low Level
• Parent Qty. to Make - The total quantity of the parent item to be produced based on the available quantity of the component.
• Per - If the Formula Version is blank or the Formula Management is "Qty. Per," enter the quantity of the component required to produce 1 unit of the parent item.
• Qty. Available - Quantity available for the Unit of Measure, calculated as: Qty. Available = On Hand - Allocated
• Scrap % - Used to calculate the expected quantity on the Work Order or Production Journal.
• Standard Cost - The standard base cost of the component item.
• Unit of Measure - Specifies the Unit of Measure used for the component quantity in the Item Formula.
• Vendor - Default vendor of the component.
• Weight Conversion

Article Item-Formula  ·  Last updated February 24, 2026 · GoldFinch ERP Help Center