What is cost component group in SAP CO-PC - Product Cost Controlling?

SAP Term: cost component group

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: A group of cost components used in a Report Writer report. The cost component group is a copy of the cost component structure. It can contain up to 40 cost components. This cost component group is not the same as the cost component group in the information system.

Smart SAP Assistant

• Key Concepts: 
  Cost component groups are used in SAP Product Cost Controlling (CO-PC) to group cost components together. Cost components are the individual elements that make up the total cost of a product or service. Cost component groups allow for the grouping of cost components into logical categories, such as direct costs, indirect costs, and overhead costs. This makes it easier to analyze and report on the cost structure of a product or service. 
  
  How to Use It: 
  Cost component groups can be created in SAP Product Cost Controlling (CO-PC) by navigating to the “Cost Component Groups” tab in the “Cost Object” menu. From there, you can create a new cost component group by entering a name and description for the group. Once created, you can add cost components to the group by selecting them from the list of available cost components. 
  
  Tips & Tricks: 
  When creating cost component groups, it is important to consider how they will be used in reporting and analysis. For example, if you are creating a cost component group for overhead costs, it may be helpful to include both direct and indirect overhead costs in the same group. This will make it easier to analyze and report on the total overhead costs associated with a product or service. 
  
  Related Information: 
  For more information on cost component groups in SAP Product Cost Controlling (CO-PC), please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_PRODUCT_COST_CONTROLLING/7.5/en-US.