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Cost estimate currency

Hello Gurus,

Once the cost estimate is run for a material, we could see the values in controlling currency. But i need Company code currecny. Could any body let me know the configuration for this.

Thanks in advance,

SK

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1 Answer

  • Oct 15, 2008 at 01:59 PM

    Hi,

    Currencies in Costing

    You can update and display the costing results (cost component split, and itemization) in both the company code currency and the controlling area currency. The cost component split is then rolled up in both currencies. The controlling area currency is only valid for the legal valuation level.

    If the controlling area currency is different from the company code currency, the itemization will be updated in both currencies. The value in the company currency is converted into the controlling area currency.

    The additional currency information is required in variance calculation to calculate the target costs.

    If the material ledger is active, you can update raw material prices in the material master record in three currencies. You can transfer the material price in the controlling area currency directly into the cost estimate. For semi-finished products, the cost estimate is updated in both currencies.

    If the material ledger is active, the marked and released costing results are updated in the company code currency and the controlling area currency in the material ledger master data, provided that the corresponding currency types are used in the material ledger. (In this case, release is carried out in material price determination.)

    Costing can also access prices in company code currency and controlling area currency in the Material Ledger master data.

    See also:

    Actual Costing/Material Ledger

    Implementation Guide for Product Cost Planning

    Activities

    You activate the cost component split in the controlling area currency in Customizing for Product Cost Planning.

    Thanks,

    Rau

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