There is a lot of forum question answers and content available in SCN about Standard Costing
Note-This is a beginner's and basic guide to understand cost estimate and various settings behind it.
This document is intended to explain the cost flows to a standard cost estimate. Explaining various settings in background. I will try to explain this from backward from Cost estimate to configuration. This will answer some basic questions like Material Cost, Overhead Cost, Labor etc. in a standard cost.
When you take a look at a material cost estimate what you will understand the Quantity Structure, Valuation, Costing Dates etc.
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1-Costing Data-
It contains data like Costing variant, Costing Version, Lot Size and Transfer Control. Lets talk about Costing Messages and Costing status later on.
Screenshot -4
-Assign various Control parameters like Costing Type, Valuation variant, Date Control QTY structure Control, Transfer Control etc.
-Maintain parameters different Tabs like Control, Qty Structure, Addictive Cost, Assignment and Misc.
Screenshot 5
-Number that serves to differentiate between cost estimates for the same material.
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- The costing lot size in the material master record is usually used as a basis for costing all materials, however one can manually change the lot size during cost estimate.
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- This controls how costing with quantity structure searches for existing cost estimates when existing costing data are transferred to another cost estimate. In this example we assigned PC02 in TCODE OKKN.
2-Costing Dates-we will learn more about date control in Costing variant
Screenshot 8
-Costing Date from -Date from which the cost estimate is valid.
-Costing Date to- This date determines the date up to which the cost estimate is valid
-Qty Structure Date-Date with which the quantity structure is selected for the cost estimate with quantity structure.
-Valuation Date-Date on which the materials and activities in a cost estimate are valuated.
3-Qty Structure-It contains BOM and Routing data. ( Usually PP functionality)
Screenshot 9
Screenshot 10
If you go back and refer my screenshot 3 the detailed cost (M) comes from this settings.
Note- we will have to do cost component settings too will cover the point in net part.
- A routing shows operations in a sequence. This form the basis for
Lead time scheduling. Product costing, capacity planning, Refer screenshot 3 Cost Internal Activity (E) comes from this settings. We will understand more detail in my next part about assigning work center, activity and activity planning.
Screenshot 11
4- Valuation- It contains the currency, Costing sheet and Overhead key.
T CODE-KZS2-Creating and maintaining Costing Sheet,
T CODE-KOOK-Defining and changing Overhead key
Screenshot 12
if you refer to screenshot 3 Overhead cost (G) flows from this settings from costing sheet and overhead key.
After defining a costing sheet that points to two condition tables. In the first table, the overhead amount depends on the overhead key. In the second table, the overhead amount depends on the plant. An access sequence determines which conditions have priority.
5- HISTORY- It contains the user and costing run date data.
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Cost By/Marked By/released By- The user names who performed respective costing run task.
Some large companies have different person to mark the cost and different person to release the cost as it rectifies the human errors if any. But in my experience i have seen mostly it is performed by the same person.
Costing run - usually this data updated when we use T-code CK40n to do standard costing in case of individual material costing using CK11n this field will not populate. So we can always go and check that costing run data to verify the settings at that point of time.
6-Costs-Baiscally it is summarization and cost component view
TCODE-OKTZ setting up cost component Structure (we will see in detail in part 2 of this document)
Screenshot 14
Error Log- Identifies the messages if costed with error or without error.
Intention of creating this document is to reach out to the beginners and those who wanted to know and understand the flow of Standard Costing. i will update the document as n when some more points needs to be included .
This is my first document and I should thank ajay.maheshwari Forum members,and SCN SAP ERP Financials - Controlling
I was nervous to put together the basics in a document and publish it in SCN. I will continue edit it for improvement.
The next part of document will update the more detailed configuration and steps to understand Basics of Standard costing
Refer to next part here http://scn.sap.com/docs/DOC-49167
Best Regards
Hrusikesh Dalai
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