What is cost estimate item type in SAP AP-COS - FIN Costing?

SAP Term: cost estimate item type

• Component: AP-COS

• Component Name: FIN Costing

• Description: A classification of the items in a cost estimate. Examples: Material Service Expense Overhead

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• Key Concepts: 
  Cost estimate item type is a component of the SAP AP-COS FIN Costing module. It is used to define the types of cost estimates that can be created in the system. The cost estimate item type determines the structure of the cost estimate and the fields that are available for data entry. 
  
  How to use it: 
  The cost estimate item type is used to create cost estimates in SAP. The user must first select a cost estimate item type from the list of available types. Once selected, the user can enter data into the fields associated with that type. The data entered will be used to generate a cost estimate. 
  
  Tips & Tricks: 
  When creating a cost estimate, it is important to select the correct item type. This will ensure that all relevant data is captured and that the cost estimate is accurate. Additionally, it is important to review all data entered into the cost estimate before submitting it for approval. 
  
  Related Information: 
  For more information on creating cost estimates in SAP, please refer to the SAP Help documentation. Additionally, there are many online resources available that provide detailed instructions on how to use SAP AP-COS FIN Costing module.