Cost Analysis option is the configuration to set the period of costing in terms of taking rate to calculate cost of the production.

Click Costing menu

Cost Analysis UI

Code and Name are user option. Set  name and code which should be understandable and should tells in which period it is configured.

The period is used in Cost Register. In Cost Register printing , in the filter option, it needs Cost Analysis set name.

Based on Cost Analysis Set the cost will be taken from the  period is set in CostAnalysis

Rate Type :  The Rate Type in the Cost analysis UI is used to set whether during the period the rate taken as Standard Rate or Cost which dynamically updating on ever transaction.

Material Cost :  This option is used to set whether the rate taken from Standard Rate or Cost calculated as per Bill of Material cost or the Actual cost which is calculated ( updated ) dynamically on every transaction.