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author's profile photo Former Member
Former Member

Update of Price in Material Master when standard costing is released.

Hello SAP gurus,

When we created standard cost estimate, various cost estimate is created in various views Cost of good sold, cost of good manufactured and Inventory ( commercial ). Different view have different cost estimate.

But we I release costing , the material master is updated by cost estimate of Inventory ( commercial). The cost estimate from Cost of good manufactured should be update?

I am not able to solve the above issue , please help with customizing link

Regards,

Anand Agrawal

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  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Jan 22, 2008 at 09:57 AM

    Hi Anand,

    While you configure the Cost Componenet structure you define the attributes of cost Components in OKTZ.

    When defining the cost components, you must specify whether the cost component plays a role in the creation of the different prices that are transferred into the material master record. You have the following options:

    Standard price

    Costs that are flagged as relevant for stock valuation form part of the standard price if the results of the standard cost estimate are marked and released. These costs also serve as a basis for the following:

    The calculation of target costs in variance calculation

    The valuation of scrap in variance calculation

    The valuation of work in process for the confirmed yield for the operation (order-related production, process manufacturing) or at the reporting point (repetitive manufacturing)

    Commercial price

    Costs that are flagged as relevant for inventory valulation for the purposes of commercial law form part of the commercial price. This price is calculated in an inventory cost estimate and can be written to the material master record.

    Tax price

    Costs that are flagged as relevant for inventory valuation for the purposes of tax law form part of the tax price. This price is calculated in an inventory cost estimate and written to the material master record.

    The above information will prove helpful.

    Regards,

    amol

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 22, 2008 at 09:46 AM

    Hi

    Goto Cost component structure maintanence OKTZ and check details for all attributes specially make inventory valuation check the radio button Fixed and Variable and for all other valuation area specially commercial inventory make it not relavant.

    Regards

    Laxmiprasad

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