What is business process price in SAP CO-OM-ABC - Activity-Based Costing?

SAP Term: business process price

• Component: CO-OM-ABC

• Component Name: Activity-Based Costing

• Description: The total cost of performing a business process once.

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• Key Concepts: 
  Business process price is a component of Activity-Based Costing (ABC) in SAP's Controlling (CO) module. It is used to calculate the cost of a business process based on the activities that are required to complete it. This cost is then used to determine the profitability of the process. 
  
  How to use it: 
  Business process price is calculated by assigning costs to each activity that is required to complete the process. These costs can include labor, materials, and overhead costs. Once all of the costs have been assigned, they are added together to get the total cost of the process. 
  
  Tips & Tricks: 
  When calculating business process price, it is important to consider all of the activities that are required to complete the process. This will ensure that all costs are accounted for and that an accurate cost is calculated. Additionally, it is important to keep track of any changes in costs over time so that the business process price can be updated accordingly. 
  
  Related Information: 
  Activity-Based Costing (ABC) is a method of cost accounting that assigns costs to activities rather than products or services. It is used to determine the profitability of a business process by taking into account all of the activities that are required to complete it. Additionally, ABC can be used to identify areas where costs can be reduced or improved upon.