Hi Santhosh Kumar,
Product Costing:
Product costing module of SAP has eased out all hassles of costing a
manufactured product. Product costing module uses data for valuation from
the Production planning (PP) module. The data maintained in the PP module
is the Bill of Material and Routing or the Master Recipe. The product costing
modules uses the various quantities of raw and packing material required
from the Bill of Material. It valuates this quantity with the various prices
available in the material master in accordance with the strategy specified in
customizing. Similarly it accesses the various quantitative details mentioned in
routing or recipe. The time required for each operation is specified in the
routing or recipe. This quantity is multiplied by the activity prices maintained in
the cost center accounting module.
Steps:
Main two steps
A. Product Cost Planning
1. Basic Setting for Material Costing
2. Material Cost Estimate with Quantity Structure
3. Selected Functions in Material Costing
B .Cost Object Controlling
4. Product Cost by Order
5. Work in Process
6. Variance Calculation
7. Settlement
8. Product Cost by period
9. Product Cost by Sales Order
Control of Sales -Order-Related Prodn/Prod. Cost by Sales Order173
- Check Account Assignment Categories
- Check Requirements Classes
- Check Requirements Types
- Check Control of Requirements Type Determination
- Check Planning Strategies (selection of reqt. type through MRP
group)
- Check Strategy Groups (selection of reqt. type through MRP
group) (optional)
2. Preliminary Costing and Order BOM Costing
So if we follow all these process, your product costing is complete.
Please assign points:
Rajeshk