If you could please solve my query,
We assign cost elements to calculation bases in the cost sheet for raw material labour and direct production costs.
What is the significance of these cost elements in planning?
ie Do these cost elements get triggered while doing a cost estimate in ck11n or ck40n.
And what is the significance of activity types in overhead calculation. Do they play a part in calculating overhead or can activity types be used for calculating overheads?
Thanks in advance