Std Cost Estimate

[Former Member]

Hello all,

A finish Material having production version / product cost collecter scenario in material master. Valuation of material should i go with std cost estimate or preliminary cost estimate?

What is the general practice applicable for finish material valuation in product cost collecter scenario. also suggest me how i go for Material master ?

[former_member740051]

Hi,

If you have Production version, it means you have valid BOM and Routing. So, You can go ahead with Normal Std cost estimate and this is the standard practice also.

Second, Priliminary cost estimate is not for repetitive set up. Generally it is being used in R&D production set up. In that scenario, you will not have defined BOM and Routing. SO, you will enter it manually in while executing Priliminary estimate.

You can run standard cost estimate for Product cost collector also.

Hope, it helps!

[Former Member]

You need both. The standard cost estimate is what is used when you take the material into stock - all FI transactions are valued using that. The preliminary cost estimate is used in production when the process order is created, the bom and/ or routing may have changed since the sce was created.

I unfortunately do not understand the second part of your question.