What is ad hoc cost estimate in SAP CO-PC - Product Cost Controlling?

SAP Term: ad hoc cost estimate

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: A cost estimate in Easy Cost Planning for which you do not need to create an object with master data in the SAP System.

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• Key Concepts: 
  Ad hoc cost estimates are used in SAP Product Cost Controlling (CO-PC) to calculate the cost of a product or service. This type of cost estimate is based on the actual costs incurred in the production process and is used to determine the profitability of a product or service. 
  
  How to use it: 
  Ad hoc cost estimates are created in SAP CO-PC by entering the actual costs incurred in the production process. This includes direct materials, direct labor, overhead, and other costs associated with the production process. Once all of the costs have been entered, the system will calculate the total cost of the product or service. 
  
  Tips & Tricks: 
  When creating an ad hoc cost estimate, it is important to ensure that all of the costs associated with the production process are accurately entered into the system. This will ensure that the total cost of the product or service is accurately calculated. 
  
  Related Information: 
  Ad hoc cost estimates can be used in conjunction with other SAP CO-PC features such as standard costing and activity-based costing. These features can help to further refine and analyze the profitability of a product or service.