There are times when you may want to establish or reestablish Standard Cost for Items:
• For all new items
• When you find a significant mistake in the purchased item cost, the Production BOM, and/or the Routing and want to make a correction
• When there has been a significant change in the cost of raw materials
• When there is a significant change in the Production BOM
• When there are significant changes in the Production Process
• Fiscal Year End Rollup and Revaluation