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Former Member
Dec 12, 2011 at 10:25 PM

Standard Cost in Group Currency

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Dear Experts,

We are having an issue with the standard cost calculation in group currency. The client wants a fixed exchange rate type to be used for Standard calculation.

We are doing material costing and the vendor currency in the PIR is EUR. The local currency is CAD, and the group currency is USD.

On the assignments tab of the costing variant, for the costing version, I have specifed an exchange rate type to be used. This is different from the M rate type. Now, when I execute CK11N to calculate the standard, and mark and release the standard, the Std cost is being shown on the accounting 1 view of MM. The company code currency is showing the correct translation from EUR to CAD with the exchange rate type specified for the costing version.

But, for the group currency conversion of the standard cost, it takes the local currency and translates it using the M rate type. This is the problem. I want it to be translated using the exchange rate type I specified on the costing version.

What do I need to do for getting this to work? Any suggestions are appreciated.