What is cost rate in SAP CO-OM - Overhead Cost Controlling?

SAP Term: cost rate

• Component: CO-OM

• Component Name: Overhead Cost Controlling

• Description: The amount charged for services performed for external or internal receivers.

Smart SAP Assistant

• Key Concepts: 
  Cost rate is a term used in SAP's CO-OM Overhead Cost Controlling component. It is a numerical value that is used to calculate the cost of a particular activity or resource. The cost rate is determined by taking into account the cost of labor, materials, and other overhead costs associated with the activity or resource. 
  
  How to use it: 
  The cost rate is used to calculate the total cost of an activity or resource. This calculation is done by multiplying the cost rate by the amount of time or resources used in the activity. For example, if a company has a cost rate of $50 per hour and an employee works for 10 hours on a project, the total cost of the project would be $500. 
  
  Tips & Tricks: 
  When calculating the cost rate, it is important to take into account all of the costs associated with an activity or resource. This includes labor costs, materials costs, and any other overhead costs that may be associated with the activity or resource. Additionally, it is important to keep track of any changes in the cost rate over time as this can have an impact on the total cost of an activity or resource. 
  
  Related Information: 
  For more information on SAP's CO-OM Overhead Cost Controlling component and how to use it, please refer to SAP's official documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use this component effectively.