Note:- This scenarios is relevant when the posting has already done for the particular month, in which we need to change the Standard Cost.
FI posting period needs to be open for the current month, else system will through you the error.
Need to change the standard cost to “0”
There are certain steps that needs to be followed to change the standard cost to “0”
I have posted one material document through T.code MB1A, so that we can check how to change the Price when the document is posted.
Now follow the below process, to change the standard price as “0”
T.code CKMM (Here we will change the Price determination)
We will change the Price determination From 3 to 2 (From Single/Multilevel to Transaction based) without this it is not possible to change the Price, where “Material Ledger” is activated
So need to remove the Test Run Flag
Now We can see the changes in Material Master
Now To change the price go to T.code MR21
After save the document will be posted and to view the document click on document display
Now we can see in Material Master that the standard price has been changed to 0
Once all the process is complete, Now change the price determination again from 2 to 3 (Transaction based to Single/Multilevel Price determination)
To review the changes kindly go to T.code MM03 (Material Master Display)
Now we can see that the Standard Price has been changed to “0” and Price determination has been set to “3”.
I request you to kindly drop your suggestion your’s feedback will be appretiated. If there is anything which can be add on kindly let me know.