What is cost object category in SAP CO-PC - Product Cost Controlling?

SAP Term: cost object category

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: A tool that specifies how a particular cost object ID is used. &EXAMPLE& In the Product Cost by Period component, the cost object category can indicate that the cost object ID is being used as a cost object node in a cost object hierarchy. In the Costs for Intangible Goods and Services component, the cost object category can indicate that the cost object ID is being used as a general cost object. In the Information System, the cost object category can indicate that the cost object ID is being used as a CO product group.

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• Key Concepts: 
  Cost object category is a term used in SAP Product Cost Controlling (CO-PC). It is a classification of cost objects, which are the items that are assigned costs in the system. Cost objects can be anything from products to services, and cost object categories are used to group them together. 
  
  How to use it: 
  In SAP Product Cost Controlling, cost object categories are used to assign costs to cost objects. This allows for better tracking and analysis of costs. To assign a cost object category to a cost object, the user must first create the cost object category in the system. Once created, the user can then assign the cost object category to the cost object. 
  
  Tips & Tricks: 
  When creating cost object categories, it is important to consider how they will be used in the system. For example, if a company wants to track costs by product type, they should create a cost object category for each product type. This will make it easier to track and analyze costs in the system. 
  
  Related Information: 
  For more information on SAP Product Cost Controlling and cost object categories, please refer to SAP's official documentation on the topic.