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

SAP Term: cost object type

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: A tool that determines the technical attributes of a cost object ID. It specifies the SAP application to which cost object ID is assigned, and controls the functions that are available. There can be multiple cost object categories for each cost object type, but at least one cost object category must be assigned to each cost object type.

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• Key Concepts: 
  Cost object type is a classification of cost objects in SAP Product Cost Controlling (CO-PC). Cost objects are the items that are used to track and analyze costs in CO-PC. Cost object types are used to group cost objects into categories, such as production orders, sales orders, and projects. 
  
  How to use it: 
  Cost object types can be used to create cost objects in CO-PC. When creating a cost object, the user must select a cost object type from the list of available types. The cost object type will determine which fields are available for the cost object and how the cost object will be tracked and analyzed. 
  
  Tips & Tricks: 
  When creating a cost object, it is important to select the correct cost object type. This will ensure that the cost object is tracked and analyzed correctly. It is also important to ensure that all required fields are filled out for the cost object type selected. 
  
  Related Information: 
  For more information on cost objects and cost object types in SAP Product Cost Controlling (CO-PC), please refer to the SAP Help documentation.