G-III's licensed apparel consists of both women's and men's products in a range of categories. Its sells licensed brands, including Calvin Klein, Tommy Hilfiger, Karl Lagerfeld, Kenneth Cole, Guess?, Levi's and Cole Haan.
Difference between Cost Center & Internal Order. Internal orders are an excellent means of managing costs. Internal orders have many controls such as Execution profile, status profile, budget profile, plan profile etc to manage the costs. http://www.sap-img.com/financial/difference-between-cost-centers-and-internal-orders.htm Internal Orders are used for short term purpose like Trade Fairs, Job Fairs etc., where as Cost Centers are used for long term purpose to capture the day to day costs.
Hi Mike, Standard Cost is the most simple costing method compared to Moving Average and FIFO - simple in term of COGS calculation of Finished Goods. But beyond the simplicity, there is a big demand to come up with a standard cost that is as close as possible to the actual cost and to minimize the variance.