Standard cost calculation from Landed Costs

Hi,
 
We use landed costs at one of our companies which is something I have
never really experienced before. My understanding is that the Standard
Cost (shown in 5/INM), is made up from the Material Cost (from 5/INM) +
the landed costs which can be a fixed value, or a percentage of the
material cost.
 
If I do the calculation manually, I am seeing a different figure to what
is shown in 5/INM for the Standard Cost.
 
My question is, is my understanding of how the landed costs work
correct? If I am wrong could someone please explain how are where the
standard cost is calculated?
 
Thanks in adavnce,
 
Lee Greenwood
IT Manager - Titan Europe Plc

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