product costing

[Former Member]

Experts:- Actaul what is the roles in product costing,in Fi Consultant,what are customization part in that.. plz help for this one

[Former Member]

hi,

Step 1:

Header Data – Create a costing run by specifying a name. Also enter description of the same along with date for which the costing run is taken

Finally save this data.

Step 2:

General Data – Select Costing Variant, Costing Version from the available options. Enter Controlling Area and Company Code.

Step 3:

Processing - Selection of Material

Click on the parameter icon, which will open a new window – change parameter window. In this window enter single material code/ range of material/ multiple material code and plant code.

Tick the field “Always Recost Material” and remove tick from background processing. After this save the data and go to the previous screen.

Click the execute button. The status field will show a green signal if all the materials were selected correctly, else will show red signal specifying error.

Processing – Structured Explosion

This step will read the Bill of Material for the selected product/products. Go to change parameter window and remove tick from background processing. Save the data and go to the previous screen.

Execute this step and the status field will show green signal for successful execution.

Processing – Costing

This step will create standard cost estimate for all the materials selected in Selection step and BOM exploded in structured explosion step.

Go to change parameter window and remove tick from background processing. Save the data and go to the previous screen.

Execute this step and the status field will show green signal for successful execution. The materials field will show total no. of materials that were costed.

Processing – Analysis

After costing step is over, a report is generated that enables to process and analyze the costing results. For example, compare the costing run with other costing runs or compare the costing results with a price from the material master.

After this remove tick from background processing field in the change parameter window and return to the previous screen for executing this step.

Processing – Marking

This step will mark the standard cost estimate for the costed products in the previous step. If the authorization field is locked, then it is to be opened by selecting the relevant company code.

This step would enable the results of standard cost estimate to be updated as future price in the material master.

Go to change parameter screen to make relevant changes and then execute this step after returning to the main screen.

Processing – Release

This is the last step in costing run transaction. This step will update the results of standard cost estimates in the material master as the current standard price.

It is to be noted that after releasing a cost estimate for a material in a company code, no marking or release can be carried out again for the current period. Before releasing a cost estimate, is should be made sure that the future standard prices are correct.

Go to change parameter screen to make relevant changes and then execute this step after returning to the main screen. To verify the updated prices, check the material prices in material master.

At every step if there is any error or warning, the log field will display it in detail.

if useful assign points.............

regards,

santosh kumar