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

SAP Term: cost component view

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: View that structures a material cost estimate according to the requirements of other areas of the SAP system. For each cost component, you define which portion of its costs are displayed in the cost component view. &EXAMPLE& Cost of goods manufactured Cost of goods sold Sales and administration costs Physical inventory commercial Physical inventory tax Inventory valuation

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• Key Concepts: 
  Cost component view is a feature of SAP's CO-PC Product Cost Controlling module. It is used to analyze the cost structure of a product or service and to identify the cost components that make up the total cost. The cost components are broken down into their individual elements, such as labor, materials, overhead, and other costs. This allows for more detailed analysis of the cost structure and helps to identify areas where costs can be reduced or optimized. 
  
  How to use it: 
  The cost component view can be accessed through the CO-PC Product Cost Controlling module in SAP. Once in the module, select the “Cost Component View” option from the menu. This will open up a window that displays all of the cost components that make up the total cost of a product or service. From here, you can analyze each component individually and make changes as needed. 
  
  Tips & Tricks: 
  When using the cost component view, it is important to remember that each component can be broken down further into its individual elements. This allows for more detailed analysis and can help to identify areas where costs can be reduced or optimized. Additionally, it is important to keep in mind that changes made in one component may have an effect on other components as well. 
  
  Related Information: 
  For more information on SAP's CO-PC Product Cost Controlling module and its features, please refer to SAP's official documentation at https://help.sap.com/viewer/product/CO-PC/latest/en-US/.