I am new to product costing and have some doubts in my mind. I will really appreciate your help if you can explain the following questions to me.
1). difference between product cost planning and cost object controlling..at which stage what is used? both involve material planning & resource planning.
2). how to calculate Target cost - from my valuation variant it should read a std cost form MM master * qty in production order but the calculated target cost is different from my standard cost and i m wondering where is this coming from.
Kindly give me your opinion because i have already studied the course manuals and sap help but that does not explain exactly whats going on.
regards and thanks in advance